Vancouver, British Columbia–(Newsfile Corp. – October 6, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FSE: D5G) (OTC Pink: DGDCF) ("Dynasty" or the "Company") is pleased to report that pursuant to the Amending Agreement ("Agreement"), the Company has made the $100,000 payment to Teck Resources Limited ("Teck"). Following the payment, Teck has transferred its 100% interest of the Thundercloud property to Dynasty. Teck has also waived its back-in right per the Amending Agreement. For details of the terms in the Amending Agreement, please refer to the news release dated September 27, 2021.

About the Thundercloud Property

The Thundercloud property is in the Archean Manitou-Stormy Lakes Greenstone belt in Ontario, 47 kilometres southwest of Dryden. The geological setting is comparable to the Abitibi belt in Eastern Ontario but is much less explored. The belt contains numerous gold showings, several high grade mines discovered in the area including the Big Master Mine (1902-1943) and the Laurentian Mine (1906-1909). In recent years, close to 30 M oz of gold have been mined and discovered, such as New Gold's Rainy River Mine (6.4 million oz gold and 18.7 million oz silver), and Agnico Eagle's Hammond Reef deposit (5.8 million oz gold).

To date, more than $10M has been spent on drilling and other surface exploration work. The majority of the 12,000 meters drilling were focused on a very small area of the property. The excellent database built by Teck will provide a guide for future targeting. Potential discoveries for Thundercloud include bulk-tonnage orogenic gold mineralization or high grade deposits.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian exploration company currently focused on gold exploration in North America with projects located in a greenstone belt in Ontario and the Midas gold camp in Nevada. In addition currently, the 70% owned Hatu Qi2 gold mine in the Tien Shan Gold belt, Xinjiang, China, is in legal dispute with Xinjiang Non-Ferrous Industrial Metals Group and its subsidiary Western Region Gold Co. Ltd.. For more information, please visit the Company's website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF DYNASTY GOLD CORP.

"Ivy Chong"

_________________________________
Ivy Chong, President & CEO

For additional information please contact:
Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98784

VANCOUVER, BC / ACCESSWIRE / October 6, 2021 / Mawson Gold Limited ("Mawson" or the "Company") (TSX:MAW)(FRA:MXR)(OTC PINK:MWSNF) is pleased to announce assay results from two trenches located 200 metres east of the current drilled area at the 100%-owned Sunday Creek project in the Victorian Goldfields of Australia. The project is an epizonal-style gold prospect located 56 kilometres north of Melbourne and contained within 19,365 hectares of granted exploration tenements (Figures 1 and 2).

Highlights:

• High grade gold has been discovered in trenching in an undrilled area 200 metres east of the Apollo mine area at Sunday Creek (Figures 3 and 4). Highlights include:

  • 14.0 metres at 11.5 g/t gold and 0.3% antimony (Trench 1)

    • including 8.0 metres @ 19.6 g/t gold and 0.4% antimony

  • 2 metres @ 4.9 g/t gold and 0.2% antimony (Trench 2)

• Mineralization remains open 10 kilometres to the east of these trenches where historic mining was common but no drilling has ever taken place. Mawson has recently completed a 1,600 sample soil survey within this 10 kilometre extension with results to be reported shortly;

• Drilling continues at Sunday Creek with 24 holes now completed for 5,561 metres drilled. Further drill results will be reported shortly with the aim to report a maiden resource in 2022;

• Given the advancement of the Company's Finnish assets, and recent gold discoveries made in Australia by the Company, Mawson has commenced an internal corporate strategic review to identify, examine and consider opportunities related to its Australian assets in order to enhance shareholder value. Results from the review will be announced shortly.

Michael Hudson, Executive Chairman, states: "With a drill rig continuously turning at Sunday Creek, our focus has turned to expanding the system beyond our current 700-metre-long drill footprint. We are excited to report that the mineralized system continues to grow into undrilled (and unmined) areas. Trenches reported here, which include 8.0 metres @ 19.6 g/t gold, are located 200 metres east of our drill areas. To find such high grade and continuous gold only one metre below surface, never before discovered, shows the prospectivity that this project, and Victoria in general, has to offer. With 10 kilometres of strike to test, we are excited about the future opportunities that Sunday Creek can deliver."

Mawson initially collected ten grab samples within a 10 metre by 20 metre area that highlighted the surface anomalism east of Mawson's drilling. These grab samples averaged 21.6 g/t Au, 0.3% Sb with a minimum of 6.3 g/t gold, 0.2% antimony and a maximum of 44 g/t gold, 0.5% antimony . To better define the anomaly and to understand the partially covered outcrop, 4 shallow trenches were dug using a small excavator and the floor and the walls of the trenches where sampled. Trench 1 intersected 14.0 metres at 11.5 g/t gold and 0.3% antimony, including 8.0 metres @ 19.6 g/t gold and 0.4% antimony from an iron rich highly altered siltstone with quartz stockwork veining. Trench 2 was then designed to cross-cut Trench 1, and intersected 2 metres @ 4.9 g/t gold and 0.2% antimony (Figure 4). Trenches 3 and 4 where then placed 5-6 metres either side and parallel to Trench 1. The true thickness of the gold mineralized interval is interpreted to be approximately 20% of the sampled thickness in Trench 1 and 95% in Trench 2. No significant gold results were returned from trenches 3 or 4, which can be explained by mineralization trending in a NW-SE orientation, which mimics the main, but not the only, structural controls to gold in the Sunday Creek area. Antimony assays are anomalous over a much larger area, suggesting the presence of leached multi-parallel vein sets (Figure 5). The location, orientation and length of these trenches was limited due to vegetation. A fifth trench located 40m to the northeast did not intersect any significant gold. Channel samples are considered representative of the in-situ mineralization sampled, while grab samples are selective by nature and are unlikely to represent average grades on the property.

Technical and Environmental Background

Analytical samples are transported to On Site Laboratory Services' Bendigo facility which operates under both ISO 9001 and NATA quality systems. Samples were prepared and analyzed for gold using the fire assay technique (25 gram charge), followed by measuring the gold in solution with flame AAS equipment. Samples for multi-element analysis use aqua regia digest and ICP-MS methods. The QA/QC program of Mawson consists of the systematic insertion of certified standards of known gold content and blanks within interpreted mineralized rock. In addition, On Site inserts blanks and standards into the analytical process.

The trenches were dug using a small (<2 tonne) excavator. No trees were removed, the trenches were immediately rehabilitated and reseeded.

Qualified Person

Dr. Nick Cook (FAusMM), Chief Geologist for the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects and has prepared or reviewed the preparation of the scientific and technical information in this press release.

About Mawson Gold Limited (TSX:MAW)(FRA:MXR)(OTC PINK:MWSNF)

Mawson Gold Limited is an exploration and development company. Mawson has distinguished itself as a leading Nordic Arctic exploration company with a focus on the flagship Rajapalot gold-cobalt project in Finland. Mawson also owns or is joint venturing into three high-grade, historic epizonal goldfields covering 470 square kilometres in Victoria, Australia and is well placed to add to its already significant gold-cobalt resource in Finland.

On behalf of the Board,

"Michael Hudson"
Michael Hudson, Executive Chairman

Further Information
www.mawsongold.com
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Mariana Bermudez (Canada), Corporate Secretary, +1 (604) 685 9316,
info@mawsongold.com

Forward-Looking Statement

This news release contains forward-looking statements or forward-looking information within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). All statements herein, other than statements of historical fact, are forward-looking statements and are based upon various estimates and assumptions including, without limitation, the expectations and beliefs of management, including that the Company can access financing, appropriate equipment and sufficient labor. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate, and similar expressions, or are those, which, by their nature, refer to future events. Mawson cautions investors that any forward-looking statements are not guarantees of future results or performance, and that actual results may differ materially from those in forward-looking statements as a result of various factors, including, but not limited to: capital and other costs varying significantly from estimates; changes in world metal markets; changes in equity markets; ability to achieve goals; that the political environment in which the Company operates will continue to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases, including the novel COVID-19 virus; risks related to negative publicity with respect to the Company or the mining industry in general; reliance on a single asset; planned drill programs and results varying from expectations; unexpected geological conditions; local community relations; dealings with non-governmental organizations; delays in operations due to permit grants; environmental and safety risks; and other risks and uncertainties disclosed under the heading "Risk Factors" in Mawson's most recent Annual Information Form filed on www.sedar.com. While these factors and assumptions are considered reasonable by Mawson, in light of management's experience and perception of current conditions and expected developments, Mawson can give no assurance that such expectations will prove to be correct. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Mawson disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

Figure 1: Location of Mawson's tenure in Victoria, Australia.

Figure 2: Plan location of the Sunday Creek Project historic mines and location Mawson drilling.

Figure 3: Plan location of the Sunday Creek Project historic mines and location Mawson drilling.

Figure 4: Relative locations of Trenches 1 – 4 from Sunday Creek showing gold assays.

Figure 5: Relative locations of Trenches 1 – 4 from Sunday Creek showing antimony assays.

SOURCE: Mawson Gold Limited

View source version on accesswire.com:
https://www.accesswire.com/666970/Mawson-Trenches-80-metres-196-gt-gold-and-04-Antimony-200-metres-Beyond-Drill-Extensions-at-Sunday-Creek-in-Victoria-Australia

Freeport-McMoRan (FCX) closed the most recent trading day at $32.20, moving -1.56% from the previous trading session. This change lagged the S&P 500's 1.05% gain on the day.

Prior to today's trading, shares of the mining company had lost 9.49% over the past month. This has lagged the Basic Materials sector's loss of 8.25% and the S&P 500's loss of 5.07% in that time.

FCX will be looking to display strength as it nears its next earnings release. On that day, FCX is projected to report earnings of $0.83 per share, which would represent year-over-year growth of 186.21%. Meanwhile, our latest consensus estimate is calling for revenue of $6.17 billion, up 60.3% from the prior-year quarter.

FCX's full-year Zacks Consensus Estimates are calling for earnings of $2.97 per share and revenue of $23.04 billion. These results would represent year-over-year changes of +450% and +62.27%, respectively.

It is also important to note the recent changes to analyst estimates for FCX. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.42% higher. FCX is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, FCX currently has a Forward P/E ratio of 11.02. This valuation marks a discount compared to its industry's average Forward P/E of 12.39.

It is also worth noting that FCX currently has a PEG ratio of 0.33. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining – Non Ferrous industry currently had an average PEG ratio of 0.55 as of yesterday's close.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 71, putting it in the top 28% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow FCX in the coming trading sessions, be sure to utilize Zacks.com.

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ENDEAVOUR ANNOUNCES TOTAL VOTING RIGHTS

London, 05 October 2021 – The following notification is made in accordance with the UK Financial Conduct Authority's (“FCA”) Disclosure Guidance and Transparency Rule 5.6.

As at 6pm on 30 September 2021, the issued ordinary share capital of Endeavour Mining plc (LSE: EDV, TSX: EDV) (“the Company”) was 249,128,987 ordinary shares of US$0.01 each. 110,000 shares were held in treasury pending cancellation, and therefore the total number of voting rights in the Company as at 6pm on 30 September 2021 was 249,018,987.

This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

In addition, as at 30 September 2021, the Company had in issue 4,450,000,000 deferred shares of US$1 each. These deferred shares do not carry voting rights and were issued solely to enable the proposed reduction of capital to be effected on the terms set out in the notice of meeting dated 11 August 2021. The Company expects that these deferred shares will be cancelled in the near future, once the reduction of capital has been confirmed by the court.

CONTACT INFORMATION

ABOUT ENDEAVOUR MINING PLC

Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

For more information, please visit www.endeavourmining.com.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

Attachment

• 211005 – NR – Total Voting Rights

Figure 1: Plan View of the Guayabales Project and the Box Target

Figure 1: Plan View of the Guayabales Project and the Box Target

Figure 2: Plan View of the Box Target Area (Gold Values (g/t))

Figure 2: Plan View of the Box Target Area (Gold Values (g/t))

Figure 3: Molybdenum Rock Geochemistry of the CPZ (Porphyry Zone)

Figure 3: Molybdenum Rock Geochemistry of the CPZ (Porphyry Zone)

Figure 4: Plan View and North-South IP Section Over the CPZ Highlighting Chargeability and Resistivity

Figure 4: Plan View and North-South IP Section Over the CPZ Highlighting Chargeability and Resistivity

Figure 5(a): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

Figure 5(a): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

Figure 5(b): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

Figure 5(b): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

Figure 5(c): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

Figure 5(c): Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples

TORONTO, Oct. 05, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce, as part of its 7,500-meter maiden drill program, that it is mobilizing a second diamond drill rig to the Guayabales Project, Colombia. The new drill rig is expected to begin operating before the end of October 2021 and will be targeting a grass-root generated large-scale and mineralized outcropping gold-rich porphyry system within the Box target area (“Box”). Box is one of the five major grass-root drill-ready target areas identified at the Guayabales Project by the Company in 2021. The Guayabales Project is situated contiguous and immediately along strike and to the northwest of Aris Gold’s multi-million-ounce deposit. The Company interprets the abundant precious metal mineralization encountered throughout the Guayabales project to be related to multiple mineralized styles that include gold-copper-molybdenum porphyries and associated breccia as well as high grade, precious and base metal vein systems that are superimposed on and enrich the porphyry bodies.

Highlights (Table 1 and Figures 1 to 5)

• The porphyry zone (“CPZ”) within the Box is a coincidental strong gold, silver, copper and molybdenum soil anomaly characterized by high-grade veins overprinting porphyry mineralization. In turn, the mineralization is situated directly within coincidental magnetic chargeability and resistivity geophysical anomalies typical of a porphyry system.

• The surface area for the CPZ at Box measures 500 metres by 400 metres and is open in all directions for expansion.

• The CPZ has returned channel and grab sampling from three different styles of mineralization; polymetallic veins, porphyry stockwork and disseminated sulphide. Samples for the high-grade veins returned a range of intercepts grading up to 14.8 g/t gold and 276 g/t silver. These high-grade veins are superimposed on porphyry veinlets, stockwork and disseminated sulphide mineralized systems with grades ranging from 0.4 g/t to 1 g/t gold with select results as follows:

Table 1 Rock and Channel Sample Results at the Box Target

*Grab sample

“The deep penetrating, high resolution IP work when combined with our exploration data has been an effective targeting tool in defining multiple targets consisting of different mineralization styles at the Guayabales Project. As a result, the Company is now beginning a robust drill program to test our initial five targets over the balance of the year and into 2022. Importantly, we expect that initial assay results from drilling at the Donut target, which commenced in September, will be available prior to the end of October,” commented Ari Sussman, Executive Chairman.

Details

The CPZ within the Box is in the western portion of the Guayabales Project and is hosted within multiple porphyritic diorites which intrude into carbonaceous schist and siltstone country rocks. Previously, the Company announced channel and rock sample results from small porphyry and polymetallic vein outcrops within the Box target (see press release dated July 29, 2021). The Company has now undertaken extensive additional surface work and geophysical surveys at the Box target which define a central, mineralized porphyry zone, referred to as the impregnated zone and enveloped by high grade, polymetallic veins to the north, west and south of the porphyry body (see Figure 1).

The CPZ contains gold mineralized stockwork and sheeted vein systems hosting quartz-pyrite-molybdenite-magnetite-chalcopyrite assemblages that are associated with potassic alteration. The mineralized vein systems are coincident with soil anomalies for copper (>500ppm), molybdenum (>3ppm) and gold (>100 ppb) and cover an area of 500 meters by 400 meters. The mineralized porphyry system is impregnated by late stage polymetallic veins which host gold, silver, sphalerite, and galena sulphides. Located to the North and South of the porphyry zone are additional zones of polymetallic veins which fringe the main porphyry bodies and are associated with extensive sericite-chlorite alteration. The polymetallic veins locate within intersecting structures and have northeast, northwest and east-west orientations.

Outcrop exposure within Box is limited due to extensive landslides and colluvium cover. Geophysical surveys were therefore undertaken to assist in target definition and included airborne magnetics and a deep penetrating, ground IP survey. Three-dimensional modelling of all this data has highlighted the presence of a zone of chargeability highs associated with intermediate resistive bodies which are coincident with an intermediate magnetic anomaly. The geophysical anomalies demonstrate an excellent coincidence with the CPZ as defined by geological mapping, soil and rock sampling. The magnetic survey also highlights a clear, NE-SW trending structural corridor which is interpreted to have facilitated emplacement of the CPZ and vein systems in between the various country rocks.

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

Technical Information

Rock samples have been prepared and analyzed at SGS laboratory facilities in Medellin, Colombia and Lima, Peru. Blanks, duplicates, and certified reference standards are inserted into the sample stream to monitor laboratory performance. Crush rejects and pulps are kept and stored in a secured storage facility for future assay verification. No capping has been applied to sample composites. The Company utilizes a rigorous, industry-standard QA/QC program.

About Collective Mining Ltd.

Collective Mining is an exploration and development company focused on identifying and exploring prospective mineral projects in South America. Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to repeat its past success in Colombia by making a significant new mineral discovery and advancing the projection to production. Management and insiders own approximately 41% of the outstanding shares of the Company and as a result are fully aligned with shareholders. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales Project. With an aggressive grassroots exploration program in 2021 outlining five major targets at the Guayabales Project, the Company recently initiated a maiden 7,500 metre drill program with a sole purpose to make the next major discovery in Colombia. Initial assay results from this drill program are anticipated in Q4, 2021.

Contact Information

Collective Mining Ltd.
Paul Begin, Chief Financial Officer
Tel. (416) 451-2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the maiden drill program, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

Figure 1: Plan View of the Guayabales Project and the Box Target is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9493f7a1-50ad-433a-b8c1-e3a07a448764

Figure 2: Plan View of the Box Target Area (Gold Values (g/t)) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bbaca844-6d72-4a4d-a42d-2e2ce28635e0

Figure 3: Molybdenum Rock Geochemistry of the CPZ (Porphyry Zone) is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/85891bd7-ed3b-481d-bb4e-3398f06ee36b

Figure 4: Plan View and North-South IP Section Over the CPZ Highlighting Chargeability and Resistivity is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/eff70626-3997-412d-a89d-2804e2f324ed

Figure 5: Box: Porphyry Style Stockwork Mineralization and Veinlets in Outcrop Samples is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/34b8901f-40c8-4e4d-b515-148288cc7e25 and https://www.globenewswire.com/NewsRoom/AttachmentNg/e9410fdb-a8cd-43ea-bee0-598cafd1d9d0 and https://www.globenewswire.com/NewsRoom/AttachmentNg/dac3b0b7-a683-494b-bfa6-8ca218d69b36

TORONTO, Oct. 01, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) announces that its Board of Directors has granted an aggregate 100,000 stock options to Rachel Goldman, a recently appointed director of the Company. Each stock option is exercisable into one common share of the Company at a price of $0.61 CAD per common share, with vesting over 36 months, and exercisable for a period of five years from the date of grant. The options are granted pursuant to the Company’s Stock Option Plan and will be subject to applicable regulatory hold periods.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, in addition to recently appointed Rachel Goldman who holds capital markets expertise and is currently the Chief Executive Officer at Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957 tasfour@redpineexp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION IN WHICH SUCH DISTRIBUTION IS UNLAWFUL

ENDEAVOUR ANNOUNCES OFFERING OF $500 MILLION SENIOR NOTES DUE 2026

London, 1 October 2021 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (the “Company”, together with its subsidiaries, the “Group”) announces the launch of an offering of fixed rate senior notes due 2026 (the “Notes”) as well as the entry into a new revolving credit facility.

The proceeds of the Notes will be used (i) to repay all amounts outstanding under the Group’s $370 million bridge term loan facility, which was used to retire higher cost debt facilities acquired upon the acquisition of Teranga Gold Corporation (the “Bridge Facility”), (ii) to repay the $130 million drawn under the Group’s existing revolving credit facility (the “Existing RCF”), and (iii) to pay fees and expenses in connection with the offering of the Notes.

The Company has entered into a $500 million revolving credit facility (with a 4-year tenor, which may increase in accordance with its terms up to an aggregate amount of $650 million) with borrowing availability in US dollars for the general corporate purposes of the Company and certain of its subsidiaries. This new revolving credit facility will replace the Bridge Facility and the Existing RCF, which will be cancelled upon completion of any Notes offering.

Effectiveness of the new revolving credit facility is conditioned upon the closing of any Notes offering.

ABOUT ENDEAVOUR MINING PLC

Endeavour is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

For more information, please visit www.endeavourmining.com.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this press release.

IMPORTANT INFORMATION

This announcement is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Notes or the guarantees thereof (the “Guarantees”), nor shall it constitute an offer, solicitation or sale in any jurisdiction in which, or to any person to whom, such offer, solicitation or sale would be unlawful. The Notes and the Guarantees have not been and will not be registered under the U.S. Securities Act of 1933 or the securities laws of any other jurisdiction. Securities may not be offered in the United States absent registration or an exemption from registration. No action has been or will be taken in any jurisdiction in relation to the Notes or the Guarantees to permit a public offering of securities. There is no assurance that any Notes offering will be completed or, if completed, as to the terms on which it is completed.

The Notes and the Guarantees are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”) or (ii) a customer within the meaning of Directive 2016/97/EU, as amended (the “Insurance Distribution Directive”), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the “EU PRIIPs Regulation”) for offering or selling the Notes or the Guarantees or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or the Guarantees or otherwise making them available to any retail investor in the EEA may be unlawful under the EU PRIIPs Regulation.

The Notes and the Guarantees are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the United Kingdom (the “UK”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (8) of Article 2 of Regulation (EU) 2017/565 as it forms part of domestic law in the UK by virtue of the European Union (Withdrawal) Act 2018, as amended (the “EUWA”) or (ii) a customer within the meaning of the provisions of the Financial Services and Markets Act 2000, as amended (the “FMSA”), and any rules or regulations made under the FSMA to implement the Insurance Distribution Directive, where that customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) 600/2014 as it forms part of domestic law in the UK by virtue of the EUWA. Consequently, no key information document is required by Regulation (EU) 1286/2914 as it forms part of domestic law in the UK by virtue of the EUWA (the “UK PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to UK retail investors in the UK has been prepared and therefore offering or selling the notes or otherwise making them available to any UK retail investor in the UK may be unlawful under the UK PRIIPs Regulation.

MiFID II professionals / ECPs-only / No PRIIPs KID – Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No EU PRIIPs key information document (“KID”) has been prepared as not available to retail in the EEA.

UK MiFIR professionals / ECPs-only / No UK PRIIPs KID – Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No UK PRIIPs key information document (“KID”) has been prepared as not available to retail in the UK.

This announcement is being distributed to, and is directed at, only persons who (i) are outside the UK; (ii) are “qualified investors” within the meaning of Article 2 of Regulation (EU) 2017/1129 (the “Prospectus Regulation”) as it forms part of retained EU law in the UK as defined in the EUWA (iii) have professional experience in matters relating to investments falling within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), or (iv) are persons who are high net worth bodies corporate, unincorporated associations and partnerships and the trustees of high value trusts, as described in Article 49(2)(a) to (d) of the Order or (iii) are persons to whom this communication may otherwise be lawfully communicated (all such persons together being referred to as “Relevant Persons”). The investments to which this announcement relates are available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such investments will be available only to or will be engaged in only with, Relevant Persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Persons distributing this announcement must satisfy themselves that it is lawful to do so.

In any EEA Member State this communication is only addressed to and is only directed at “qualified investors” in that Member State within the meaning of Article 2(e) of the Prospectus Regulation.

The distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which they are released, published or distributed, should inform themselves about, and observe, such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This announcement contains “forward-looking statements” within the meaning of applicable securities laws. All statements, other than statements of historical fact, are “forward-looking statements”, including but not limited to, statements with respect to the Group’s intentions with regards to any offering of the Notes and the Guarantees. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as “will”, “can”, “could”, “would” and similar expressions.

Forward-looking statements, while based on management’s reasonable estimates, projections and assumptions at the date the statements are made, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statement. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Please refer to the Group’s most recent Annual Information Form filed under its profile at www.sedar.com for further information respecting the risks affecting Endeavour and its business.

These forward-looking statements speak only as of the date of this announcement. Except as required by applicable law and regulation, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

CONTACT INFORMATION

Attachment

• Bond Launch Announcement

DENVER, CO / ACCESSWIRE / October 1, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company") will issue a news release providing a summary of its financial and operating results for the third quarter ended September 30, 2021 on Wednesday, October 27, 2021 after the market close, file its 10Q with the financial and operating results for the period ended September 30, 2021 with EDGAR and host a conference call on Thursday, October 28, 2021 at 11:00 a.m. Eastern Time.

The conference call will be recorded and posted to the Company's website later in the day following the conclusion of the call. Following prepared remarks, Allen Palmiere, President and Chief Executive Officer, Kim Perry, Chief Financial Officer and Alberto Reyes, Chief Operating Officer will host a live question and answer (Q&A) session. There are two ways to join the conference call.

To join the conference via webcast, please click on the following link:

https://www.webcaster4.com/Webcast/Page/2361/43124.

To join the call via telephone please use one of the following dial-in details:

Participant Toll Free: 888-506-0062
International: 973-528-0011
Entry Code: 552947

Please connect to the conference call at least 10 minutes prior to the start time using one of the connection options listed above.

About GRC:

Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the Company focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine, to close our acquisition of Aquila Resources Inc., and to develop the Back Forty Project in Michigan, USA. For more information, please visit GRC's website, located at www.goldresourcecorp.com and read the Company's 10-K for an understanding of the risk factors involved.

Contacts:

Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.GoldResourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/666381/Gold-Resource-Corporation-to-Hold-Q3-2021-Conference-Call-on-October-28-2021

Vancouver, British Columbia–(Newsfile Corp. – October 1, 2021) – Comstock Metals Ltd. (TSXV: CSL) ("Comstock" or the "Company") is pleased to announce that it is has closed previously disclosed proposed non-brokered private placement of units ("Units") and flow-through units ("FT Units") (see press release dated September 28, 2021) for aggregate gross proceeds of $388,900.

The Company issued an aggregate of 1,715,000 FT Units and 2,225,000 Units pursuant to the offerings. Each Unit was priced at $0.09 and consists of one common share in the capital of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional common share of the Company (a "Warrant Share") at an exercise price of $0.12 per Warrant Share for a period of 24 months from the closing of the offerings. Each FT Unit was priced at $0.11 and consists of one flow-through common share in the capital of the Company (a "FT Share") and one Warrant. The expiry date of the Warrants is subject to an acceleration provision that provides that if the closing price of the Company's common shares is equal to or greater than $0.24 for a period of 10 consecutive trading days, the Company has the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants with the revised expiry date being 30 days from the date of the notice to the warrant holders. The acceleration of the Warrant expiry date may not be triggered prior to February 2, 2022.

The Company will use the gross proceeds of the offering of FT Units for eligible exploration expenditures, which will constitute "Canadian Exploration Expenses" ("CEE") that are "Flow-Through mining expenditures," as defined in the Income Tax Act (Canada) which can be renounced to purchasers of the FT Units for the 2021 taxation year in the aggregate amount of not less than the total amount of the gross proceeds raised from the flow-through offering. The CEE shall be incurred no later than December 31, 2022.

The proceeds from the offering of Units will be used to fund exploration on the Company's Preview SW gold deposit (with a focus on Comstock's Preview North zone) located in Saskatchewan, Canada and for general working capital.

The offerings were offered on a non-brokered private placement basis in certain provinces of Canada and such other jurisdictions as the Company may determine in its sole discretion and will be subject to a statutory hold period ending on February 2, 2022. The Company paid finder's fees totalling $13,398 and issued 125,300 broker warrants as compensation to a finder that assisted with the offerings. Each broker warrant entitles the holder thereof to acquire one common share at a price of $0.09 per share at any time on or before October 1, 2023.

The securities issued under the offerings have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws.

Pursuant to the offering, the Company issued securities to certain purchasers that are considered to be "related parties" (within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101")), making the Offering a "related party transaction" (within the meaning of MI 61-101) (the "Related Party Subscriptions"). The Company was exempt from obtaining a formal valuation for, and minority approval of, the Related Party Subscriptions pursuant to Section 5.5(b) and 5.7(1)(a) of MI 61-101, respectively.

Steven H. Goldman's wife's company subscribed for a total of 1,000,000 Units pursuant to the offering. Mr. Goldman is an officer and director of the Company and a "related party" of the Company (within the meaning of MI 61-101). Mr. Goldman now beneficially owns, or exercises control or direction over, 3,006,626 common shares (or, approximately 10.27% of the issued and outstanding common shares or approximately 14.39% of the issued and outstanding common shares on a partially diluted basis) (including all options and warrants owned or controlled by Mr. Goldman).

Arnold Tenney's spouse subscribed for a total of 450,000 FT Units pursuant to the offering. Mr. Tenney is a director of the Company and a "related party" of the Company (within the meaning of MI 61-101). Mr. Tenney now beneficially owns, or exercises control or direction over, 871,666 common shares (or, approximately 3.0% of the issued and outstanding common shares or approximately 5.2% of the issued and outstanding common shares on a partially diluted basis) (including all options and warrants owned or controlled by Mr. Tenney).

The material change report to be filed in connection with the Private Placement will be filed less than 21 days prior to the closing of the offerings. The shorter period was necessary in order to permit the Company to close the Private Placement in a timeframe consistent with usual market practice for transactions of this nature.

Early Warning Report

Steven Goldman and his wife Nancy Carroll, acting jointly (collectively the "Goldmans"), announced that they have filed an updated early warning report related to their participation in the offering of Units

Upon completion of the offering, the Goldmans beneficially owns and has control of 3,006,626 common shares of the Issuer, as well as common share purchase warrants to acquire a further 1,000,000 common shares and options to acquire 410,000 common shares, which represents approximately 14.39% of the issued and outstanding common shares as calculated in accordance with National Instrument 62-104 Take-Over Bids and Insider Bids.

The Units were acquired for investment purposes only by the Goldmans. The Goldmans' view of the Company and the investment may change, depending on market and other conditions, or as future circumstances may dictate, from time to time. The Goldmans, on an individual or joint basis, may increase or dispose of some or all of their ownership in the Issuer or each may continue to hold its current position.

This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated October 1, 2021. A copy of the early warning report relating to the Goldmans' participation in the Offering will be available under the Issuer's profile on the System for Electronic Document Analysis and Review ("SEDAR") at www.sedar.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements of the 1933 Act any application state securities laws.

About Comstock Metals Ltd.

Comstock Metals is advancing the Preview SW Gold Project, a resource-stage gold project in the La Ronge district of Saskatchewan. The Preview SW deposit hosts indicated mineral resources containing 158,300 ounces of gold (2.61 million tonnes grading 1.89 g/t Au) and inferred mineral resources containing 270,800 ounces of gold (5.70 million tonnes grading 1.48 g/t Au), both based on a 0.50 g/t Au cut-off grade¹. During 2017 and 2018, Comstock completed diamond drilling campaigns targeting the Preview North zone and the Preview SW deposit comprising 24 holes totaling 4,700 metres. Several additional, relatively untested targets remain on the Property, including the A, B, C, and Clearwater zones (Map 2).

Map 2. Preview SW Property Map Showing Drilled Gold Zones

For further details, see the Company's website at www.comstock-metals.com

To view an enhanced version of Map 2, please visit:
https://orders.newsfilecorp.com/files/7078/98357_a04cd07e34589a55_001full.jpg

Qualified Persons

The scientific and technical information contained in this news release as it relates to the Preview SW Gold Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB and a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.

Forward-Looking Statements

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the use of proceeds resulting from the financing. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. The assumptions on which the forward-looking statements contained herein rely include the ability to complete the proposed financing and receipt of regulatory approval. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

For more information about Comstock Metals Ltd., please refer to Comstock Metals' website at www.comstock-metals.com or contact:

Steven H. Goldman
President, CEO and Director
COMSTOCK METALS LTD.
Cell Phone: (416) 917-1533
Email: s.goldman@goldmanhine.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES

¹ The Company has filed on SEDAR the 43-101 Technical Report, Preview SW Gold Project, La Ronge, Saskatchewan, prepared for Comstock Metals Ltd. by Ronald G. Simpson, P.Geo., Geosim Services Inc. Effective date September 27, 2016.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/98357

VANCOUVER, BC / ACCESSWIRE / September 30, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) ("Klondike Gold" or the "Company") is announces that it plans to raise up to $3,500,000 in aggregate of flow-through funds (the "Flow-Through Placement") and non-flow-through funds (the "Non-Flow-Through Placement) by way of a non-brokered private placement (the "Financing").

The Flow-Through Placement will consist of the sale of flow-through shares at a price of $0.20 per flow-through unit with each unit consisting of one common share and one-half of one share purchase warrant.

The Non-Flow-Through Placement will consist of the sale of units at a price of $0.175 per unit, with each unit consisting of one common share and one-half of one share purchase warrant.

Each warrant will entitle the holder to purchase one common share at a price of $0.25 per common share for a period of 2 years from closing (the "Warrants").

A finder's fee on the gross proceeds of the Financing may be paid.

The Financing may close in tranches. The Company intends to use the proceeds from the Financing to continue exploration and development of the Company's Yukon properties, as well as for general working capital.

The securities issued in connection with the Financing are subject to TSX Venture Exchange approval and all securities will be subject to a four month statutory hold period after the date of closing.

ON BEHALF OF KLONDIKE GOLD CORP.

"Peter Tallman"

President and CEO
(604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

"This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required."

SOURCE: Klondike Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/666188/Klondike-Gold-Announces-3500000-Private-Placement

ENDEAVOUR TARGETS DISCOVERY OF 15-20 MILLION OUNCES OF INDICATED RESOURCES OVER NEXT 5 YEARS

HIGHLIGHTS:

• Endeavour targeting discovery of 15–20Moz of Indicated resources over the next five years at an average cost of less than $25/oz

• Near-mine exploration aims to continue to extend the mine lives of core assets to beyond the 10 year target

• Greenfield exploration targets the discovery of at least another new standalone project

• Group remains on track with its target to discover +2.5Moz of Indicated resources in 2021

London, 30 September 2021 – Endeavour Mining plc (LSE:EDV, TSX:EDV, OTCQX:EDVMF) (“Endeavour” or the “Group” or the “Company”) is pleased to unveil its exploration outlook for the next five years which targets the discovery of 15 to 20 million ounces of Indicated resources at a cost of less than $25 per ounce across West Africa.

Please click the following link to view a video presentation from management, outlining the exploration outlook: https://youtu.be/QPBzWvrfJ34

The discovery target was established using the same conservative ranking and screening methodology which has successfully yielded the discovery of 8.5Moz of Indicated resources over the past four years, as detailed in the Methodology Section below.

Sebastien de Montessus, President & CEO said: “Our exploration success has been a significant value creation driver over the past four years, following the tremendous work completed by our exploration team. Our track record gives us the confidence to set ambitious new targets and, given the strong expected returns, investment in exploration will continue to be an important component of our capital allocation framework.

Our exploration strategy is centered on continuing to extend the mine lives of our core assets to well beyond ten years and discovering new greenfield projects. While we see significant opportunities across our portfolio, we are particularly pleased with the potential defined at our flagship mines; Sabodala-Massawa, Hounde and Ity. We believe these mines have the potential to be Tier 1 assets with over 10 million ounces resource endowment, inclusive of historical production. We are also very pleased to demonstrate the opportunities identified at our recently acquired assets, which have the potential to grow their current resources by as much as 60%.

Setting these exploration targets demonstrates our commitment to both near-term and long-term growth and underpins our ability to be a resilient and reliable business. We believe that we offer a strong investment appeal due to the long-term visibility across our business, through our minimum progressive dividend outlook which is supported by a robust five-year production outlook, near-term growth prospects from existing projects, and our new five-year discovery horizon that provides the foundation for longer-term success.”

Table 1 illustrates the areas of focus for the discovery targets, with the majority expected to occur at existing mines, supporting the Company’s objective of continuing to extend mine lives to beyond ten years, in addition to discovering at least one new standalone greenfield project over the next five years. The potential quantity of ounces is conceptual in nature since there has been insufficient exploration to define a mineral resource and it is uncertain if exploration will result in the targets being delineated as a mineral resource.

Table 1: Resources and 5-year Discovery Target

¹For details reference press release date 18 March, 2021 available on the Company’s website. Mineral Reserve Estimates follow the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") Definitions Standards for Mineral Resources and Reserves and have been completed in accordance with the Standards of Disclosure for Mineral Projects as defined by National Instrument 43-101. Reported tonnage and grade figures have been rounded from raw estimates to reflect the relative accuracy of the estimate. Minor variations may occur during the addition of rounded numbers. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability.

²For methodology details please refer to the Methodology section below. Targeted Indicated Resources are based on average tonnage and average gold grades of 24 – 48Mt at 1.5 – 3.5g/t for Sabodala-Massawa, 25 – 67Mt at 1.4 – 5.0g/t for Houndé, 47 – 54Mt at 2.0 – 3.0g/t for Greater Ity, 12 – 24Mt at 1.3 – 4.0 g/t for Mana, 18 – 49Mt at 0.95 – 3.5g/t for Greenfield, 21 – 28Mt at 1.8 – 2.0g/t for Fetekro, 21 – 39Mt at 1.2 – 3.0g/t for Wahgnion and 19 – 21Mt at 1.5 – 2.5g/t for Boungou. Note that Karma was not included in the outlook as it is a non-core mine and the Fetekro was prioritized over Kalana for the project related exploration.

DETAILS BY ASSET

Ity mine

At Ity, between 3.5 and 4.5Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $17/oz.

Exploration efforts in the near term will be focused on the larger Le Plaque area, the Yopleu-Legaleu extension, the new discovery named West Flotouo, Daapleu Deep, and the area located at the junction between the Bakatouo and Walter deposits.

A full geological re-interpretation of the Ity area led to the discovery and prioritisation of the West Flotouo target, which is located immediately below an old Verse West waste dump. West Flotouo is a series of continuous high grade mineralised lenses, located in the immediate proximity of the Ity plant. Delineation is currently ongoing, and this new discovery, which remains open to the North, South and at depth, is expected to have a new maiden resource published prior to year-end.

The Le Plaque mineralisation is open both along strike and at depth in the Delta Extension area, while the Yopleu-Legaleu area has delivered promising drill results, both of which are expected to contribute to the larger Le Plaque area resource update later this year. Very positive drilling was also conducted at depth at Daapleu. The results confirmed that mineralisation extends at least 300 meters down-dip of the current pit design. At the junction between the Bakatouo and Walter deposits drilling has confirmed the continuity of mineralisation between both skarn type deposits, and illustrates the global continuity of mineralisation around the whole dioritic-granodioritic Ity intrusion.

Houndé mine

At Houndé, between 3.0 and 4.0Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $19/oz.

Exploration efforts are currently focused on Vindaloo South, Mambo and the junction between Kari Gap and Kari Center, in addition to integrating Golden Hill within the Houndé mine complex. In the near-term, drilling will commence on higher grade targets such as Sia Sianikoui and Dohoum.

The Mambo target, located at the boundary between a volcanic and a granitoid intrusive, has the potential to be a significant discovery. Its mineralised trend now extends more than 800 meters, with the possibility of extending its strike length to between 1.0 and 1.2 kilometers. Mineralisation appears to remain open to the North East, South West and at depth. Step out drilling is underway, targeting the lateral extensions of Mambo. An initial maiden resource is expected to be published before year-end.

Significant potential has been identified at Golden Hill, which is an advanced-stage exploration property on the Houndé Belt within trucking distance of Houndé. New interpretations suggest that mineralisation is associated with linking structures developed between the main Boni shear and a splay to the east and a successful drill validation of the concept will present an opportunity to extend that mineralisation. The Saleteon felsic intrusive appears to be a significant target measuring 4 kilometers by 3 kilometers in size. It already hosts three of the five existing deposits, has visible gold in drilling and strong geochemical anomalies over the central portion that remain untested by drilling.

Sabodala-Massawa mine

At Sabodala-Massawa, between 2.3 and 2.7Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $26/oz.

Endeavour has successfully identified more than 15 potential targets within 30 kilometers of the Sabodala plant, while further significant potential exists with only half of Endeavour’s 1,240 square kilometer land package currently assessed.

Near-term exploration focus will centre on the discovery of non-refractory resources on the Massawa permit, which would enable the optimisation of the mine sequencing and grade profile to maximise returns from the Phase 1 expansion, which is due to be completed later this year. Longer-term, significant additional upside exists within the combined Sabodala-Massawa area for both refractory and non-refractory resources, which may provide additional feed for the Phase 2 expansion.

Current exploration efforts are mainly focused on Samina, Tina, Sofia North Extension and Bambaraya targets.

At the Samina deposit, the Company has extended the 500 meters mineralised strike length to more than 900 meters, and mineralisation remains open to the north. As such, efforts will continue to be focused on testing this extension. Drilling conducted at the Tina deposit has focused on expanding the Inferred Resources defined in 2019 and converting them into Indicated resources. The mineralised strike length has been extended by more than 300 meters while the deposit remains open to the north and the southeast. The Sofia North deposit has been extended by more than 800 meters along strike with an average width of 150 meters, and it remains open to the north and at depth.

Beyond Massawa, the near-term focus will be at Bambaraya, Makana, Tiwana and Thianga. Bambaraya is a high priority target within the Massawa permit located 13 kilometers from the mill. It is a Loulo type mineralisation style, in a setting that is gently dipping with good grades. Mineralisation to the north has been extended by more than 800 meters.

While the Massawa permit will remain a priority, exploration will also be advanced in the relatively underexplored adjacent Kanoumba and Bransan permits, located 20 to 40 kilometers from the plant. Several highly prospective refractory and non-refractory targets have been identified on these permits, which are expected to feed the longer-term discovery pipeline.

Wahgnion mine

At Wahgnion, between 1.5 to 2.0Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $25/oz.

The exploration program will focus on open pit targets located within 10 kilometers of the existing plant. The short-term focus is on both the Nogbele North and Nogbele South deposits, targeting the continuation of mineralised structures beneath and between the Nogbele pits.

The Wahgnion mine was developed quickly under its previous ownership to feed the plant which was running at 30% above its nameplate capacity. As a result, some of the deposits have only been drilled down to relatively shallow depths or along a limited length as such, may contain significant resource upside. Several non-refractory ore targets are drill-ready and are expected to quickly be followed up on. Over the longer term, a number of the satellite deposits and targets will be subject to a multi-year effort given the significant exploration potential.

Boungou mine

At Boungou, between 1.0 to 1.5Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $32/oz.

Geochemical sampling has been a successful exploration tool at Boungou, identifying 36 exploration targets to date. The near term focus is on extending the Natougou deposits, and advancing potentially higher grade targets identified within two key brownfield areas within 10 kilometers to the north of the mine. In addition, efforts will focus on Dangou Northeast, which is a potentially higher-grade greenfield target, located within 20 kilometers of the urban centre of Diapaga.

Drilling at Natougou Northwest identified a zone of mineralisation in the hanging wall of the Boungou shear that trends north-northwest and extends for more than 700 meters and remains open to the north. Drilling is underway to focus on delineating this trend.

At Boungou Northwest, drilling evaluated the continuation of the Boungou Shear mineralisation down plunge to the northwest of the mine. Initial results are promising, and a complete review of all drill results, expected later this year, will guide follow-up drilling in 2022.

Mineralization at Boungou is hosted by the shallow dipping Boungou Shear and the larger more steeply dipping TN45 structure. Re-interpretation of the geophysical and geologic datasets will help delineate structural and lithologic controls to the mineralisation and help in defining new targets.

Mana mine

At Mana, between 1.0 to 1.5Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $30/oz.

Although Mana has been in production for over a decade, significant exploration potential still remains. Following the integration of Mana within Endeavour’s business plan, the team has been restructured to provide fresh perspectives. Given that it is a mature exploration area, there was a strong need to re-interpret existing datasets and incorporate more structure and geology into the targeting strategy. In addition, given that most of the historical successful exploration was based on geochemical analysis, Endeavour will also be using geochemical sampling to refine targets in support of the revised strategy

Endeavour’s near-term focus will be on evaluating oxide open pit targets within 20 kilometers of the plant, such as Maoula, and on evaluating underground targets at Siou and Nyafe. Good potential has been identified in our efforts to increase the Wona and Siou underground resources which would offer potential to extract high-grade material.

Fetekro project

At Fetekro, between 1.2 and 1.8Moz of Indicated resources are targeted to be discovered over the next five years at an average discovery cost of $14/oz.

In the near-term, the Lafigué deposit remains the priority, while the longer-term focus is on delineating several identified targets on the Fetekro property.

The Lafigué deposit is currently the main discovery made at Fetekro and has now been traced over two kilometers in the east-northeast direction and over one kilometer down-dip. The mineralization occurs as free gold in quartz vein stockworks and zones of silicification associated with a tourmaline-carbonate-chlorite-sulphide alteration. Mineralisation is controlled by a thrust gently dipping to the south-southeast. Significant potential remains at Lafigué as some mineralised extensions have been delineated where pinching and swelling had earlier been misdiagnosed and where mineralisation appears to remain open.

At Lafigué North, the 2021 exploration program has focused on converting some of the remaining Inferred Resources into Indicated resources, but most of the activity has been in the area located in between the Lafigué Center and Lafigué North areas. The results of this drilling activity were successful and demonstrated the continuity of the mineralised system with the occurrence of shallow, subparallel, and stacked mineralised lenses that were previously located outside of the 2020 resources pit. Newly discovered mineralisation will be included in the new resource estimate which is expected later this year and will support the ongoing definitive feasibility study.

Greenfield properties

While Endeavour has identified several greenfield targets which have the potential to yield a new project, it has taken a conservative approach whereby it has only factored for one potential success within its 5-year discovery target, amounting between 1.5 and 2.0Moz of Indicated resources to be discovered at an average cost of $45/oz. Given the higher uncertainty related to greenfield exploration, compared to near-mine exploration, a low Probability of Occurrence multiplier was applied to greenfield targets (see Methodology section below for further details).

Advanced exploration properties include Tanda-Iguela and Afema in Cote d’Ivoire, Bantou and Liguidi in Burkina Faso, and Siguiri in Guinea. In addition, Endeavour holds significant exploration tenements along both the Houndé Belt and Ity Belt, which are expected to generate further greenfield targets.

EXPLORATION RANKING AND SCREENING METHODOLOGY

Endeavour’s large land position (more than 17,000 sq Km) and comprehensive database over a very large number of exploration targets promotes the application of a general portfolio management theory where all numerous and independent exploration targets are statistically analysed and risked, according to their probability of success or occurrence. As applied to the Group’s previous five-year exploration programme, Endeavour’s exploration success has been based on the implementation of a systematic, statistically driven approach to selecting and optimising exploration targets. This approach was derived from a similar process used in the oil and gas industry to predict, analyse, rank and then prioritise a large number of exploration targets, as summarised below. It is important to note that this approach can only be performed with a significant number of independent exploration targets, where the larger the number, the better the global portfolio value estimate.

Step 1: Exhaustive technical screening of the exploration portfolio based on geological data
The initial screening incorporated the exhaustive identification, selection, and ranking of all possible exploration targets occurring within Endeavour’s exploration portfolio. The technical analysis cross-referenced all available geological data, including geological maps, cross sections, structural data, surface geology, geochemistry, geophysics, regolith mapping, alteration profiles, drilling data, cores, analysis of artisanal mining activity, outcrops, and other survey data.

Following this first screening, a total of 150 targets were identified and described.

Step 2: 150 targets were further screened based on mining characteristics and the potential to have low production costs
The 150 targets were further screened by incorporating some tentative mining and processing costs parameters, to establish a selection of top targets which were appraised to have the potential to be produced at a low All-in Sustaining Cost (“AISC”). The criteria used in this second screening phase included factors such as potential grade, metallurgy, strip ratio, production costs, mineralisation type, and distance to a mill. After this second screening phase, the selection was narrowed to 110 high priority targets.

Step 3: Probabilistic ounce and average grade distribution of selected 110 targets
This applied approach is similar to that used in the analysis of natural phenomenon and other industries where large volumes of calibration data are used to predict individual and then global outcomes. It can also be applied to an exploration portfolio containing a high number of identified targets where a significant amount of calibration data may allow an accurate prediction of the total ounces to be discovered over the full portfolio despite individual outcomes potentially varying widely.

Based on available information, Endeavour characterized all the physical parameters such as length, width, thickness, density, grade characterizing each of the 110 selected targets to establish a prediction of the minimum, maximum and mean values distribution for each parameter related to each individual target. Since each of the selected targets cannot possibly be all positive, a probabilistic weighting, defined as a Probability of Occurrence (“PoO”) factor, was then applied to the mean values of each target. Since all 110 selected targets were defined as independent, the total value (total ounces predicted) of the portfolio could be approached by adding all the risked mean Indicated resources expected from each of the 110 targets.

PoOs represent the confidence or supporting control Endeavour has in describing, precisely the deposit it is trying to discover. The PoO values were set for each of the selected targets on a scale ranging from 0.2 to 0.8, with the very few, very low probability targets generally being eliminated due to a “killing” factor, such as possible refractory characteristics, lower expected average grade or continuity, or other highly unfavorable parameters.

The full analysis of the selected 110 targets resulted in the conclusion that up to 25Moz could ultimately be discovered over the full exploration portfolio, irrespective of the timeframe selected.

Step 4: Final selection of targets, with higher PoO and priority, which can be physically be included in the 5 year exploration plan
Since Endeavour cannot feasibly explore the 110 targets, defined in Step 3, during the next 5-year period, the 110 targets were further assessed, classified and ranked against near-term mine priorities. This resulted in the final selection of the top 70 targets deemed to better fit the overall strategy.

The final output of the strategic exploration analysis is a quantitative, multi-screened and filtered estimate of the total potential ounces hosted in the Group’s portfolio, where 15 to 20Moz of Indicated resources are targeted to be discovered within the next five years.

The applied approach does not mean that all selected and explored targets will be successful when taken individually, as some are likely to fail to deliver a deposit while others will outperform individual expectations. However, there can be reasonable confidence in achieving the total global estimated Indicated resources within the 5-year exploration programme. As such, it’s reasonable to expect the achievement of the global target, but the individual successes that drive the global achievement may differ, sometimes significantly from the original estimate.

Step 5: Strategic prioritisation to establish 5–year programme
Finally, an individual risked budget was established for each target in order to reach an Indicated resource status level. To develop the execution plan, most selected exploration targets were then set within the 5-year exploration programme, according to corporate and mine priorities, license duration, sequencing of required activities and available exploration budget.

QUALIFIED PERSONS
Jonathan Lawrence (FAIG, MAusIMM), VP Exploration – Burkina Faso for Endeavour Mining, has reviewed and approved the technical information in this news release. Jonathan has more than 20 years of mineral exploration and mining experience and is a "Qualified Person" as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101").

CONTACT INFORMATION

ABOUT ENDEAVOUR MINING CORPORATION

Endeavour Mining is one of the world’s top ten senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is listed on the London and Toronto Stock Exchanges under the symbol EDV.

For more information, please visit www.endeavourmining.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Endeavour with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding Endeavour’s exploration potential, targeted exploration estimates, contained ounces, grades and estimated discovery costs, , the estimation of mineral resources, the realization of mineral resource estimates, and the timing and amount of estimated future mineral resources..

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Endeavour management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Endeavour believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. This forward-looking information may be affected by risks and uncertainties in the combined business of Endeavour and market conditions, including (1) there being no significant disruptions affecting Endeavour’s operations whether due to extreme weather events and other or related natural disasters, labor disruptions, supply disruptions, power disruptions, damage to equipment or otherwise, or as a result of the Covid 19 pandemic; (2) permitting, development, operations and production for the Company’s mines and exploration projects, respectively, being consistent with Endeavour’s expectations; (3) political and legal developments in the juridictions where the Company operates being consistent with current expectations; (4) certain price assumptions for gold; (5) the accuracy of Endeavour’s mineral resource estimates; and (6) labor and materials costs increasing on a basis consistent with Endeavour’s current expectations. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Endeavour with the Canadian securities regulators, including Endeavour’s annual information form, financial statements and related MD&A for the financial year ended December 31, 2020 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward–looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Endeavour has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Endeavour does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Attachments

• Endeavour Exploration Strategy Presentation

• Endeavour Exploration Strategy News Release

TORONTO, Sept. 30, 2021 /CNW/ – LAURION Mineral Exploration Inc. (TSXV: LME) (OTCPINK: LMEFF) ("LAURION" or the "Corporation") is pleased to announce new drill hole assay results of the ongoing 2021 drilling program focussing on the strike continuity between the A-Zone and McLeod mineralized areas on the Ishkoday Property, located 220 km northeast of Thunder Bay.

Highlights of current drill hole results include:

• 0.77 g/t Au, 4.31 g/t Ag, 0.83% Zn over 20m on hole LBX21-045 between 145 and 165m.

• 0.71 g/t Au, 13.29 g/t Ag, 0.17% Cu and 2.22% Zn over 13.5m on hole LBX21-046 between 138.5 and 152 m (See Figure 1).

The current assay results, combined with new geological understanding, confirms the presence of volcanogenic mineralization (A-Zone type) over the whole strike length between the McLeod Zone and A-Zone. The strike length across the mineralized zones is approximately 1.4 km, with a confirmed depth up to 150 m from the surface.

A soil survey completed north of the Sturgeon River, 1.5 km north of the McLeod Zone highlighted several copper anomalies, confirming the potential for additional volcanogenic mineralization North of the current area of focus.

Diamond Drilling Results:

Drilling resumed on August 19, 2021, following the lifting of the forest fire restrictions in the region. In-fill drilling focussed on linking the A-Zone and the McLeod Zone mineralized horizons. A total of 11 drill holes were completed to date, and LAURION is pleased to issue results of the first two drill holes, LBX21-045 and 046.

Mineralization occurs in a series of intermediate to felsic volcanic units cut by dioritic dykes. The majority of the mineralization is located in pervasive pyrite-sphalerite-quartz-carbonate stockworks and veins, with some massive sulphide horizons. A two (2) metre long semi-massive sulphide interval was intersected in hole LBX21-046 and is composed of sphalerite-pyrite-chalcopyrite-galena (see Figure 1). Brecciated quartz, magnetite banding with strong sericite-chlorite and silica alteration is also observed within the same intersection. The hole was stopped in a mineralized quartz vein (last 3.5 metres) due to technical issues on the hole. The completed results for the mineralized zones can be found in Table 1 below.

Table 1: Selected Best Results from Diamond Drilling Connecting the Mineralized Zone Between McLeod Zone and A-Zone:

Since the discovery of the McLeod Zone, there has been very little exploration conducted in the swamp area between both showings (McLeod and A-Zone) and recent advances showed that the A-Zone mineralization is similar to the McLeod Zone. Based on LAURION's recent exploration focus in the area, this sector was prioritized for the second phase of the 2021 drilling campaign. Results from LBX21-045 and LBX21-046 aided in confirming the continuity along strike between both zones. These results combined with the discovery of two historical trenches south-west of McLeod Zone show that the system remains open in all directions.

Table 2: Drill hole coordinates for drill holes LBX21-040 to -046.

Soil Sampling Results

In the past, limited exploration work was conducted in the northern area of the Ishkoday project. A total of 5 historic drill holes were completed on the River Showing and yielded good results (DDH 88-22 with 10.37m @ 0.20 g/t Au 13.62 g/t Ag and 1.22% Cu).

Previous grab samples also yielded copper results grading over 1.8% Cu. Two magnetic high anomalies are also present on the northern portion of the project, which are interpreted to represent possible extensions of the A-Zone system.

A soil sampling survey was conducted to cover the eastern part of the property up to 1km north of the Namewaminikan river, which is located 700m north of the A-Zone. A total of 859 samples were taken from the B-horizon in available soils. All samples were dried, sieved and assayed onsite using a portable XRF to detect any anomalies in base metals. Copper returned anomalous results ranging from 25ppm up to 191ppm for 48 samples. Indications from soil sampling, grab sampling and historical drilling, indicate a potential extension of mineralization over that area and requires further prospecting and possible trenching (See Figure 2).

QAQC

All core samples have been assayed by ALS Laboratories in Thunder Bay, Ontario. Samples are processed by 4-acid digestion and analyzed by fire assay on 50 g pulps and ICP-AES (Inductively-Coupled-Plasma – Atomic-Element-Spectroscopy). Over limit analyses are reprocessed with gravimetric finish. A total of 5% blanks and 5% standard are inserted randomly within all samples. 5% of the best assays results pulps will be sent for re-assays. A total of 8.7% blanks and 9.5% standard were randomly inserted during the pXRF analyse of the soil sampling. 2.8% we re-analyzed. All QAQC were verified, and no contamination or bias have been observed.

Qualified Person

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements and has been reviewed and approved by Jean Philippe Paiement, P.Geo., MSc., a consultant to LAURION, and a "qualified person" within the meaning of National Instrument 43-101.

About LAURION

The Corporation is a junior mineral exploration and development company listed on the TSXV under the symbol LME and on the OTCPINK under the symbol LMEFF. LAURION now has 238,069,240 outstanding shares of which approximately 79% are owned and controlled by Insiders who are eligible investors under the "Friends and Family" categories.

LAURION's emphasis is on the development of its flagship project, the 100% owned mid-stage 47 km2 Ishkoday Project, and its gold-silver and gold-rich polymetallic mineralization with a significant upside potential. The mineralization on Ishkoday is open at depth beyond the current core-drilling limit of -200 m from surface, based on the historical mining to a -685 m depth, in the past producing Sturgeon River Mine. The Brenbar Property, acquired in 2020, is contiguous with the Ishkoday Property and hosts the historic Brenbar Mine. LAURION believes the mineralization to be a direct extension of mineralization from the Ishkoday Property.

Caution Regarding Forward-Looking Information

This press release contains forward-looking statements, which reflect the Corporation's current expectations regarding future events, including with respect to LAURION's business, operations and condition, and management's objectives, strategies, beliefs and intentions. The forward-looking statements involve risks and uncertainties. Actual events and future results, performance or achievements expressed or implied by such forward-looking statements could differ materially from those projected herein including as a result of a change in the trading price of the common shares of LAURION, the interpretation and actual results of current exploration activities, changes in project parameters as plans continue to be refined, future prices of gold and/or other metals, possible variations in grade or recovery rates, failure of equipment or processes to operate as anticipated, the failure of contracted parties to perform, labor disputes and other risks of the mining industry, delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Corporation's publicly filed documents. Investors should consult the Corporation's ongoing quarterly and annual filings, as well as any other additional documentation comprising the Corporation's public disclosure record, for additional information on risks and uncertainties relating to these forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. Subject to applicable law, the Corporation disclaims any obligation to update these forward-looking statements.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

SOURCE Laurion Mineral Exploration Inc.

View original content: http://www.newswire.ca/en/releases/archive/September2021/30/c5239.html

Figure 1

Maricunga project – Old Code and New Code properties

Figure 2

Geological Exploration Target

VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) the Company is pleased to provide a Maricunga project update.

Highlights

• Updated Measured and Indicated resource for the Maricunga Stage One Lithium Brine Project in Chile confirmed an increase by 90 per cent compared with 2019 Definitive Feasibility Study.

• Measured and Indicated (M&I) resource now estimated as 1,905,000 tonnes of Lithium Carbonate Equivalent (LCE) for the Stage One (Old Code) mining properties at an average grade of 953 mg/l lithium.

• This increase in M+I Resources is in addition to the M+I Resources (2018) of 979,000 tonnes LCE in the Litio 1-6 (New Code) concessions to a depth of 200 m.

• The Maricunga resource remains open at depth, with a new exploration target for further resource expansion between 400m-550m in the Stage One concessions.

• The DFS update for the Stage One continues as expected by Worley, GEA Messo and Atacama Waters.

• The latest drilling for the resource increase on the Stage One mining concessions at Maricunga has been completed, with the five exploration core holes each reaching target depth of 400m.

Access to the full technical report prepared by Atacama Water Consultants is available on SEDAR.com and the BRZ website at https://www.bearinglithium.com/research-reports/

Resource Estimate Highlights

The updated resource estimate of 1,905,000 tonnes of lithium carbonate equivalent (LCE) represents close to double the initial resource of 1,020,000 tonnes of LCE in the equivalent area (Stage One) in the 2019 Definitive Feasibility Study (DFS). A resource equivalent to 4.95 Mt of KCl was also defined. The resource estimate was prepared in accordance with JORC and NI 43-101 international reporting standards. Results are summarized in Table 1.

Table 1: Mineral Resource Estimate for Lithium Metal (Li) and Potassium

Table 2 shows the total resources of the Stage One concessions (Old Code concessions) expressed as Lithium Carbonate Equivalent (LCE) and Potash (KCL).

Table 2: Mineral Resource Estimate for Lithium Carbonate Equivalent (LCE) and Potash

1. Lithium is converted to lithium carbonate (Li2CO3) with a conversion factor of 5.32.

2. Potassium is converted to potash with a conversion factor of 1.91

3. Numbers may not add due to rounding.

The Stage One project comprises the Old Code properties of Cocina 19-27, Salamina, Despreciada and San Francisco, which have a total combined area of 1,125 hectares (Figure 1). These properties were constituted under the 1932 Chilean mining law and have grandfathered rights for the exploitation, production and sale of lithium.

It should be noted that the M+I Resources described above in Tables 1 and 2 are in addition to the M+I Resources (2018) of 184 Kt Lithium (979 Kt LCE) in the Litio 1-6 (New Code) concessions to a depth of 200 m.

The Maricunga resource remains open at depth. A new Exploration Target between 400m-550m has been defined for further resource expansion below the Old Code Concessions, and between 200m– 550m below the New Code concessions. They could potentially contain between 1.2Mt-2.1Mt of LCE¹. Figure 2 illustrates the geological exploration target for all of the Maricunga concessions.

¹ An Exploration Target is not a mineral resource. The potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource in the volume where the Exploration Target is outlined. It is uncertain if further exploration drilling will result in the determination of a Mineral Resource in this volume

Figure 1: Maricunga project – Old Code and New Code properties is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8fd5fea2-7028-46b4-a8a7-5a06ddd7f55e

Figure 2: Geological Exploration Target is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe0a445e-dae3-4e1b-a5ee-5060aa9bdcd0

Minera Salar Blanco SA’s Chief Executive Officer, Cristobal Garcia-Huidobro, commented:

“We are very pleased with these updated results, which confirm Maricunga as one of the world’s richest lithium brine deposits. Technical activities continue towards the completion of an updated DFS in Q4 2021. The financing for Stage One is now a priority, with preliminary indications of interest received from international financial institutions and private funds for debt and equity financing of the project.”

Bearing Lithium Corporation’s Chairman, Gil Playford commented:

“Increasing the 100% owned Stage 1 Old Concession Resources by 90% solidifies the viability of the Definitive Feasibility Study scheduled for Q4 2021. Having exploration potential at depth for both the old and new concessions portends future growth for the Maricunga Salar.”

Competent Person Statements

I, Frederik Reidel, CPG, as author of this report entitled “NI 43-101 Technical Report: Lithium Resources Update, Blanco Project- ‘Old Code’ Concessions, III Region Chile, prepared for Minera Salar Blanco S.A., dated September 20, 2021 do hereby certify that:

1. I am employed as Principal Hydrogeologist and General Manager by Atacama Water-Chile, residing at Badajoz 45, OF 1701, Las Condes, Santiago, Chile.

2. I am a graduate of New Mexico Institute of Mining and Technology with a Bachelors of Science Degree in Geophysics, 1986

3. I am a registered Certified Professional Geologist (#11454) with the American Institute of Professional Geologists

4. I have worked as hydrogeologist for more than 30 years since my graduation. My relevant experience for the purpose of the Technical Report is:

   • Qualified Person for the Sal de los Angeles Project, Salta Argentina for LiX Energy Corp (2016 – to date).

   • Qualified Person and Member of the technical committees of Li3 Energy Ltd and Minera Salar Blanco for the development of the Maricunga Lithium Project in Chile (2011 – to date).

   • Co-author of the NI 43-101 Technical Report on the lithium and potash resources in Salar de Maricunga for Li3 Energy Ltd (2012).

   • Evaluation of lithium and potash resources in Salar de Olaroz for Orocobre Ltd. in support of the project’s DFS and NI 43-101 Technical Report (2010-2011).

   • Evaluation of lithium and potash resources in Salar de Cauchari for Lithium Americas Corporation; NI 43- 101 Technical Report preparation; member of the company’s Technical Advisory Panel (2009-2010).

   • Evaluation of brine resources in Salar de Hombre Muerto for FMC (1992-1993)

   • Consulting hydrogeologist in the evaluation and development of groundwater resources for international mining companies in North- and South America (1989-2012).

5. I have read the definition of "qualified person" set out in National Instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a "qualified person" for the purposes of NI 43-101.

6. I have visited the Salar de Maricunga and the Blanco Project area numerous times between August 2011 and to date. I was present on site on a regular basis during the 2011 – 2021 drilling and testing programs.

7. I have been involved as a QP with the property since 2011.

8. I am responsible for the overall preparation of this report.

9. I am independent of the Issuer applying the test set out in Section 1.4 of NI 43-101.

10. I have read NI43-101, and the Technical Report has been prepared incompliance with NI43-101 and Form43- 101F1.

11. To the best of my knowledge, information, and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the technical report not misleading.

Dated this 20^th day of September 2021.

Frederik Reidel, CP

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.14% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 67 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BOARD

Signed "Gil Playford”

Gil Playford, Chairman

gplayford@bearinglithium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Figure 1

Maricunga project – Old Code and New Code properties

Figure 2

Geological Exploration Target

VANCOUVER, British Columbia, Sept. 29, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) the Company is pleased to provide a Maricunga project update.

Highlights

• Updated Measured and Indicated resource for the Maricunga Stage One Lithium Brine Project in Chile confirmed an increase by 90 per cent compared with 2019 Definitive Feasibility Study.

• Measured and Indicated (M&I) resource now estimated as 1,905,000 tonnes of Lithium Carbonate Equivalent (LCE) for the Stage One (Old Code) mining properties at an average grade of 953 mg/l lithium.

• This increase in M+I Resources is in addition to the M+I Resources (2018) of 979,000 tonnes LCE in the Litio 1-6 (New Code) concessions to a depth of 200 m.

• The Maricunga resource remains open at depth, with a new exploration target for further resource expansion between 400m-550m in the Stage One concessions.

• The DFS update for the Stage One continues as expected by Worley, GEA Messo and Atacama Waters.

• The latest drilling for the resource increase on the Stage One mining concessions at Maricunga has been completed, with the five exploration core holes each reaching target depth of 400m.

Access to the full technical report prepared by Atacama Water Consultants is available on SEDAR.com and the BRZ website at https://www.bearinglithium.com/research-reports/

Resource Estimate Highlights

The updated resource estimate of 1,905,000 tonnes of lithium carbonate equivalent (LCE) represents close to double the initial resource of 1,020,000 tonnes of LCE in the equivalent area (Stage One) in the 2019 Definitive Feasibility Study (DFS). A resource equivalent to 4.95 Mt of KCl was also defined. The resource estimate was prepared in accordance with JORC and NI 43-101 international reporting standards. Results are summarized in Table 1.

Table 1: Mineral Resource Estimate for Lithium Metal (Li) and Potassium

Table 2 shows the total resources of the Stage One concessions (Old Code concessions) expressed as Lithium Carbonate Equivalent (LCE) and Potash (KCL).

Table 2: Mineral Resource Estimate for Lithium Carbonate Equivalent (LCE) and Potash

1. Lithium is converted to lithium carbonate (Li2CO3) with a conversion factor of 5.32.

2. Potassium is converted to potash with a conversion factor of 1.91

3. Numbers may not add due to rounding.

The Stage One project comprises the Old Code properties of Cocina 19-27, Salamina, Despreciada and San Francisco, which have a total combined area of 1,125 hectares (Figure 1). These properties were constituted under the 1932 Chilean mining law and have grandfathered rights for the exploitation, production and sale of lithium.

It should be noted that the M+I Resources described above in Tables 1 and 2 are in addition to the M+I Resources (2018) of 184 Kt Lithium (979 Kt LCE) in the Litio 1-6 (New Code) concessions to a depth of 200 m.

The Maricunga resource remains open at depth. A new Exploration Target between 400m-550m has been defined for further resource expansion below the Old Code Concessions, and between 200m– 550m below the New Code concessions. They could potentially contain between 1.2Mt-2.1Mt of LCE¹. Figure 2 illustrates the geological exploration target for all of the Maricunga concessions.

¹ An Exploration Target is not a mineral resource. The potential quantity and grade of the Exploration Target is conceptual in nature, and there has been insufficient exploration to define a Mineral Resource in the volume where the Exploration Target is outlined. It is uncertain if further exploration drilling will result in the determination of a Mineral Resource in this volume

Figure 1: Maricunga project – Old Code and New Code properties is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8fd5fea2-7028-46b4-a8a7-5a06ddd7f55e

Figure 2: Geological Exploration Target is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fe0a445e-dae3-4e1b-a5ee-5060aa9bdcd0

Minera Salar Blanco SA’s Chief Executive Officer, Cristobal Garcia-Huidobro, commented:

“We are very pleased with these updated results, which confirm Maricunga as one of the world’s richest lithium brine deposits. Technical activities continue towards the completion of an updated DFS in Q4 2021. The financing for Stage One is now a priority, with preliminary indications of interest received from international financial institutions and private funds for debt and equity financing of the project.”

Bearing Lithium Corporation’s Chairman, Gil Playford commented:

“Increasing the 100% owned Stage 1 Old Concession Resources by 90% solidifies the viability of the Definitive Feasibility Study scheduled for Q4 2021. Having exploration potential at depth for both the old and new concessions portends future growth for the Maricunga Salar.”

Competent Person Statements

I, Frederik Reidel, CPG, as author of this report entitled “NI 43-101 Technical Report: Lithium Resources Update, Blanco Project- ‘Old Code’ Concessions, III Region Chile, prepared for Minera Salar Blanco S.A., dated September 20, 2021 do hereby certify that:

1. I am employed as Principal Hydrogeologist and General Manager by Atacama Water-Chile, residing at Badajoz 45, OF 1701, Las Condes, Santiago, Chile.

2. I am a graduate of New Mexico Institute of Mining and Technology with a Bachelors of Science Degree in Geophysics, 1986

3. I am a registered Certified Professional Geologist (#11454) with the American Institute of Professional Geologists

4. I have worked as hydrogeologist for more than 30 years since my graduation. My relevant experience for the purpose of the Technical Report is:

   • Qualified Person for the Sal de los Angeles Project, Salta Argentina for LiX Energy Corp (2016 – to date).

   • Qualified Person and Member of the technical committees of Li3 Energy Ltd and Minera Salar Blanco for the development of the Maricunga Lithium Project in Chile (2011 – to date).

   • Co-author of the NI 43-101 Technical Report on the lithium and potash resources in Salar de Maricunga for Li3 Energy Ltd (2012).

   • Evaluation of lithium and potash resources in Salar de Olaroz for Orocobre Ltd. in support of the project’s DFS and NI 43-101 Technical Report (2010-2011).

   • Evaluation of lithium and potash resources in Salar de Cauchari for Lithium Americas Corporation; NI 43- 101 Technical Report preparation; member of the company’s Technical Advisory Panel (2009-2010).

   • Evaluation of brine resources in Salar de Hombre Muerto for FMC (1992-1993)

   • Consulting hydrogeologist in the evaluation and development of groundwater resources for international mining companies in North- and South America (1989-2012).

5. I have read the definition of "qualified person" set out in National Instrument 43-101 (NI 43-101) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a "qualified person" for the purposes of NI 43-101.

6. I have visited the Salar de Maricunga and the Blanco Project area numerous times between August 2011 and to date. I was present on site on a regular basis during the 2011 – 2021 drilling and testing programs.

7. I have been involved as a QP with the property since 2011.

8. I am responsible for the overall preparation of this report.

9. I am independent of the Issuer applying the test set out in Section 1.4 of NI 43-101.

10. I have read NI43-101, and the Technical Report has been prepared incompliance with NI43-101 and Form43- 101F1.

11. To the best of my knowledge, information, and belief, the Technical Report contains all scientific and technical information that is required to be disclosed to make the technical report not misleading.

Dated this 20^th day of September 2021.

Frederik Reidel, CP

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.14% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 67 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BOARD

Signed "Gil Playford”

Gil Playford, Chairman

gplayford@bearinglithium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

Vancouver, British Columbia–(Newsfile Corp. – September 28, 2021) – Comstock Metals Ltd. (TSXV: CSL) ("Comstock" or the "Company") is pleased to announce that it is has amended the terms of its previously disclosed proposed non-brokered private placement of units ("Units") and flow-through units ("FT Units") (see press release dated March 12, 2021).

The Company anticipates that the offerings will be comprised of 1,715,000 Units and 2,225,000 FT Units. Each Unit will be priced at $0.09 and will consist of one common share in the capital of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one additional common share of the Company (a "Warrant Share") at an exercise price of $0.12 per Warrant Share for a period of 24 months from the closing of the offering. Each FT Unit will be priced at $0.11 and consist of one flow-through common share in the capital of the Company (a "FT Share") and one Warrant. The expiry date of the Warrants will be subject to an acceleration provision that will provide that if the closing price of the Company's common shares is equal to or greater than $0.24 for a period of 10 consecutive trading days, the Company will have the right to accelerate the expiry date of the Warrants by giving written notice to the holders of the Warrants with the revised expiry date being 30 days from the date of the notice to the warrant holders. The acceleration of the Warrant expiry date may not be triggered prior to four months and one day after the Warrants are issued.

The Company will use the gross proceeds of the offering of FT Units for eligible exploration expenditures, which will constitute "Canadian Exploration Expenses" ("CEE") that are "Flow-Through mining expenditures", as defined in the Income Tax Act (Canada) which can be renounced to purchasers of the FT Units for the 2021 taxation year in the aggregate amount of not less than the total amount of the gross proceeds raised from the flow-through offering. The CEE shall be incurred no later than December 31, 2022.

The proceeds from the offering of Units will be used to fund exploration on the Company's Preview SW gold deposit (with a focus on Comstock's Preview North zone) located in Saskatchewan, Canada and for general working capital.

The offerings are being offered on a non-brokered private placement basis in certain provinces of Canada and such other jurisdictions as the Company may determine in its sole discretion and will be subject to a statutory hold period of four (4) months and a day from the closing of the offerings. The Company may pay finder's fees in accordance with the rules and policies of the TSX Venture Exchange. The offerings remain subject to the approval of the TSX Venture Exchange. The securities to be issued under the offerings have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws.

Pursuant to the proposed offering, insiders within the Company (including the Company's CEO, Steven Goldman as well as the Company's Chairman, Arnold Tenney, or parties related to the CEO and Chairman) will be participating. As such, the Company will be issuing securities to purchasers that are considered "related parties" (within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101")), making the applicable offering a "related party transaction" (within the meaning of MI 61-101) (the "Related Party Subscriptions"). If such sales are completed the Company will be exempt from obtaining a formal valuation for, and minority approval of, the Related Party Subscriptions pursuant to Section 5.5(b) and 5.7(1)(a) of MI 61-101, respectively. Mr. Goldman has previously filed an early warning respect to the securities of the Company which he owns or has control of and the securities being acquired under the offering are not anticipated to result in a change of ownership that would necessitate the filing of an updated early warning report.

Closing of the offerings remains subject to approval of the TSX Venture Exchange. The Company did not seek Exchange approval for the financing announced on March 12, 2021 and as a result the price protection associated with such financing has lapsed. This press release will serve as the price reservation for the current offerings referenced herein.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. persons" (as such term is defined in Regulation S under the 1933 Act) absent registration or an applicable exemption from the registration requirements of the 1933 Act any application state securities laws.

About Comstock Metals Ltd.

Comstock Metals is advancing the Preview SW Gold Project, a resource-stage gold project in the La Ronge district of Saskatchewan. The Preview SW deposit hosts indicated mineral resources containing 158,300 ounces of gold (2.61 million tonnes grading 1.89 g/t Au) and inferred mineral resources containing 270,800 ounces of gold (5.70 million tonnes grading 1.48 g/t Au), both based on a 0.50 g/t Au cut-off grade^[1]. During 2017 and 2018, Comstock completed diamond drilling campaigns targeting the Preview North zone and the Preview SW deposit comprising 24 holes totaling 4,700 metres. Several additional, relatively untested targets remain on the Property, including the A, B, C, and Clearwater zones (Map 2).

Map 2. Preview SW Property Map Showing Drilled Gold Zones

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7078/97887_6190e2d7141f3abc_001full.jpg

For further details, see the Company's website at www.comstock-metals.com

Qualified Persons

The scientific and technical information contained in this news release as it relates to the Preview SW Gold Project has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB and a "Qualified Person" as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle verified the data disclosed which includes a review of the analytical and test data underlying the information and opinions contained therein.

Forward-Looking Statements

This news release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Such statements include statements regarding the anticipated closing of the proposed financing and the use of proceeds resulting therefrom. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. The assumptions on which the forward-looking statements contained herein rely include the ability to complete the proposed financing and receipt of regulatory approval. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

For more information about Comstock Metals Ltd., please refer to Comstock Metals' website at www.comstock-metals.com or contact:

Steven H. Goldman
President, CEO and Director
COMSTOCK METALS LTD.
Cell Phone: (416) 917-1533
Email: s.goldman@goldmanhine.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this Release.

^[1] The Company has filed on SEDAR the 43-101 Technical Report, Preview SW Gold Project, La Ronge, Saskatchewan, prepared for Comstock Metals Ltd. by Ronald G. Simpson, P.Geo., Geosim Services Inc. Effective date September 27, 2016.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97887

VANCOUVER, BC / ACCESSWIRE / September 27, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) ("Klondike Gold" or the "Company") is pleased to report results of 2021 Phase 2a diamond drilling at the Lone Star Zone, Klondike District Property, Yukon. Twelve (12) holes totalling 1,222 meters were completed in July 2021. Klondike Gold is pleased that near-surface gold mineralization at the Lone Star Zone has been significantly extended east by 250 meters or ~25% greater in length with these results.

Assay highlights from this phase of Lone Star Zone drilling includes:

• 1.70 g/t Au over 14.6 meters from 21.0 meters to 35.6 in LS21-388

• 1.08 g/t Au over 49.65 meters from 40.35 meters to 90.0 meters in LS21-389

• 2.9 g/t Au over 11.0 meters from 15.0 meters to 26.0 meters in LS21-392

• 3.23 g/t Au over 6.0 meters from 58.0 meters in LS21-394

• 0.84 g/t Au over 29.0 meters from 4.0 meters to 33.0 meters in LS21-399

• 1.11 g/t Au over 23.5 meters from 1.5 meters to 25.0 meters in LS21-410

Peter Tallman, Klondike Gold's CEO states "Results continue to show the Lone Star Zone discovery hosts significant near-surface gold mineralization which is expandable and remains open in all directions. Near term milestones include a Geology technical report followed by a maiden mineral resource. The Company is well positioned to rapidly advance the Lone Star Zone as one among a number of 'pipeline' targets within our district-spanning 586 square kilometer claim package that has excellent access to existing highway, power, communications, commercial airport and town infrastructure."

LONE STAR ZONE PHASE 2 DRILLING

2021 drilling at the Lone Star ‘East' area (Phase 2a) tested for an eastern extension of the Lone Star Zone with 12 holes totalling 1,222 meters. See Figure 1 for drill hole locations and Table 1 for assay results on the Phase 2a Drilling on the Lone Star Zone.

These latest significant positive results at the Lone Star East target demonstrate continuity of mineralization at least 250 meters eastward beyond the currently defined Lone Star Zone gold mineralization model shell and also show downslope continuity of mineralization (see Figure 2 and Figure 3).

Positive results reported from the Lone Star Zone (Phase 2b) tested the downslope and potential down-dip extension (see News Release September 23, 2021). This work extended the downhill slope dip length to 350 meters from 200 meters.

Figure 1: Lone Star Zone Target Areas and 2021 Phase 2 Drill Holes.

Table 1: 2021 Lone Star Zone East (Phase 2a) Significant Results:

Figure 2: Cross-section 12575E sketch of Lone Star Zone mineralization including holes LS21-409 and LS21-411 from this news release showing downslope continuity of the zone.

Figure 3: Cross-section 12650E sketch of Lone Star Zone mineralization including holes LS21-388 and LS21-389 from this news release showing downslope continuity of the zone.

PHASE 4 DRILLING AND EXPLORATION UPDATE

Phase 3 drilling testing the Stander Zone was completed in August. Results are pending.

Phase 4 drilling testing along the Eldorado Fault in Eldorado Creek over a 4 kilometer length nears completion with drilling just finished and with logging and sampling in progress. A total of 13 holes were completed testing various targets exclusively. The holes targeted various graphitic fault zones evident from LIDAR surveying potentially associated with gold mineralization. One of these targets at the Gay Gulch Zone, the second of two original discoveries made in 2015, has previously returned significant gold intersections including 420 g/t Au over 0.4 meters within 75.6 g/t Au over 2.8 meters in the discovery hole EC15-10 (see News Release October 26, 2015). No estimate is yet known for availability and reporting of assay results.

Klondike Gold contracted GeoCloud Analytics of Melbourne, Australia to complete a detailed re-interpretation of the 2019 LIDAR survey data (see NR 23 September 2021). The work is in progress.

SRK Consulting of Toronto have been contracted to prepare a NI-43-101 Technical Report summarizing geology and exploration on the Company's Klondike District Project. Site visit field review has been completed. The report is in progress and is anticipated to be completed for filing by Q4 2021.

2021 ASSAY PROTOCOLS

All 2021 drill holes referenced in this release produced NTW (5.71cm dia.) drill core. Assay samples from drill core are cut using a diamond saw. Half the core sample interval is bagged, tagged, and sealed; the other half is returned to the core box with a corresponding tag and retained for reference. Two gold reference standards, two blank samples (a coarse and a fine), and a coarse sample duplicate per 100 samples, are routinely inserted as part of Klondike Gold's quality assurance / quality control ("QA/QC") program, independent of and additional to the laboratory QA/QC program.

Sample bags are aggregated into rice bags, sealed, and submitted by Klondike Gold personnel to Bureau Veritas Mineral Laboratories ("BV Labs") preparation facility in Whitehorse, YT with chemical analysis of sample pulps completed in Vancouver, British Columbia. Bureau Veritas Labs is an accredited ISO 9001:2008 full-service commercial laboratory.

At BV Labs each drill core sample is crushed to 70% passing 2 mm size. A 500 g subsample is pulverized to 85% passing 75 microns size (200 mesh)(Code PRP70-500). All samples of 500 g were sieved to 106 microns (140 mesh) for "metallic screen" assaying. The +140 mesh fraction is weighed and assayed for gold by fire assay ("FA") fusion with a gravimetric finish (Code FS631). A 30 g subsample of the -140 mesh fraction is assayed for gold by fire assay ("FA") fusion with an atomic absorption ("AA") finish (Code FA430). All over-limit results in excess of 10 ppm (10 g/t) for both silver and gold are re-assayed using a 30 g subsample and assayed by FA with a gravimetric finish (Code FA530-Au/Ag). Total gold grade is then calculated using a weighted average of the plus and minus fraction assay results.

QUALIFIED PERSONS REVIEW

The technical and scientific information contained within this news release has been reviewed and approved by Ian Perry, P.Geo., Vice-President Exploration of Klondike Gold Corp. and Qualified Person as defined by National Instrument 43-101 policy. Detailed technical information, specifications, analytical information and procedures can be found on the Company's website.

COVID-19 UPDATE

Klondike Gold continues to take proactive measures to protect the health and safety of our local host community, our contractors and our employees from COVID 19. Exploration activities in 2021 continue to have additional safety measures in place, following and exceeding all the recommendations made by the Yukon's Chief Medical Officer. Over 95% of Klondike Gold's employees and contractors are fully vaccinated.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company is focused on exploration and development of its 586 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, YT within the Tr'ondëk Hwëch'in First Nation traditional territory.

ON BEHALF OF KLONDIKE GOLD CORP.

"Peter Tallman"

President and CEO
(604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

"This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required."

SOURCE: Klondike Gold Corp.

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Vancouver, British Columbia–(Newsfile Corp. – September 27, 2021) – Dynasty Gold Corp. (TSXV: DYG) (FWB: D5G) (OTC: DGDCF) ("Dynasty" or the "Company") is pleased to announce that it has signed an Amending Agreement with Teck Resources Limited ("Teck") whereby Dynasty will be deemed to have exercised its option, pursuant to an option agreement dated January 30, 2018 (see press release dated February 1, 2018), on the Thundercloud gold property (the "Property"). Exercise of the option, upon completion of a cash payment, will result in Dynasty acquiring 100% of Teck's interest in the Thundercloud gold property ("the Property"), subject to Teck retaining a 2% net smelter returns royalty ("NSR").

"We are delighted to have secured 100% of Teck's interest in the Thundercloud property in one of the most desirable mining camps in Canada," stated Ivy Chong, Dynasty's President and CEO. "We appreciate Teck's cooperation and support as well as that of all other stakeholders since signing the option agreement. We look forward to developing the project and building relationships with local communities for the benefit of all."

Historic drilling on the Property intersected 14 g/t Au over 3 m including 192.7 g/t Au over 0.55 m. Other notable drill results include:

• 13.0 m @ 1.72 g/t Au

• 60.30 m @ 1.46 g/t Au

• 55.25 m @ 2.19 g/t Au, including 1 m @ 37.5 g/t Au, 9.34 m @ 7.91 g/t Au and 21.73 m @ 4.63 g/t Au

• 29.66 m @ 0.77 g/t Au including 9.04 m @ 2.20 g/t Au

• 68.8 m @ 1.55 g/t Au

• 81.0 m @ 1.31 g/t Au

The Thundercloud property is in the Archean Manitou-Stormy Lakes Greenstone belt in Ontario. The belt contains numerous gold showings, several large high grade mines discovered in the area, including the Big Master Mine (1902-1943) and the Laurentian Mine (1906-1909), as well as recent gold discoveries including New Gold's Rainy River Mine (6.4 million oz gold and 18.7 million oz silver), and Agnico Eagle's Hammond Reef deposit (5.8 million oz gold). Potential discoveries for Thundercloud include bulk-tonnage orogenic gold mineralization or high grade deposits.

Terms

In consideration of Dynasty being deemed to have exercised its option and Teck waiving its back-in right, the Company will make a $100,000 payment, and will pay $2,000,000 upon a production decision. Teck retains a 2% NSR that can be reduced to a 1.5% NSR for $1,000,000. The Company has also granted Teck the right to receive 40% of any net sale proceeds if the Property is sold or optioned within six years of signing the Amending Agreement.

Richard R. Redfern, MSc, certified professional geologist, a director of the company and a qualified person for the purposes of National Instrument 43-101, has reviewed the technical data contained in this news release.

About the Thundercloud Property

The Thundercloud Property is located in the central Wabigoon greenstone belt in Western Ontario, 47 kilometres southwest of Dryden. The geological setting is comparable to the Abitibi belt in Eastern Ontario but is much less explored. Close to 30 M oz of gold have been discovered in recent years, including several large-scale mining operations nearby.

About Dynasty Gold Corp.

Dynasty Gold Corp. is a Canadian exploration company currently focused on gold exploration in North America with projects located in a greenstone belt in Ontario and the Midas gold camp in Nevada. In addition currently, the 70% owned Hatu Qi2 gold mine in the Tien Shan Gold belt, Xinjiang, China, is in legal dispute with Xinjiang Non-Ferrous Industrial Metals Group and its subsidiary Western Region Gold Co. Ltd.. For more information, please visit the Company's website www.dynastygoldcorp.com.

ON BEHALF OF THE BOARD OF
DYNASTY GOLD CORP.

"Ivy Chong"
_________________________________
Ivy Chong, President & CEO

For additional information please contact:

Vancouver Office:
Ivy Chong
Phone: 604.633.2100. Email: ichong@dynastygoldcorp.com

This press release contains certain "forward-looking statements" that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97715

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

So should Mawson Gold (TSE:MAW) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. First, we'll determine its cash runway by comparing its cash burn with its cash reserves.

View our latest analysis for Mawson Gold

How Long Is Mawson Gold's Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. In May 2021, Mawson Gold had CA$7.4m in cash, and was debt-free. Importantly, its cash burn was CA$12m over the trailing twelve months. That means it had a cash runway of around 7 months as of May 2021. That's quite a short cash runway, indicating the company must either reduce its annual cash burn or replenish its cash. Depicted below, you can see how its cash holdings have changed over time.

How Is Mawson Gold's Cash Burn Changing Over Time?

Because Mawson Gold isn't currently generating revenue, we consider it an early-stage business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. Over the last year its cash burn actually increased by a very significant 69%. While this spending increase is no doubt intended to drive growth, if the trend continues the company's cash runway will shrink very quickly. Mawson Gold makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can Mawson Gold Raise More Cash Easily?

Given its cash burn trajectory, Mawson Gold shareholders should already be thinking about how easy it might be for it to raise further cash in the future. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Mawson Gold has a market capitalisation of CA$51m and burnt through CA$12m last year, which is 24% of the company's market value. That's not insignificant, and if the company had to sell enough shares to fund another year's growth at the current share price, you'd likely witness fairly costly dilution.

Is Mawson Gold's Cash Burn A Worry?

Mawson Gold is not in a great position when it comes to its cash burn situation. Although we can understand if some shareholders find its cash burn relative to its market cap acceptable, we can't ignore the fact that we consider its cash runway to be downright troublesome. Considering all the measures mentioned in this report, we reckon that its cash burn is fairly risky, and if we held shares we'd be watching like a hawk for any deterioration. On another note, Mawson Gold has 5 warning signs (and 3 which shouldn't be ignored) we think you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts)

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

So should Mawson Gold (TSE:MAW) shareholders be worried about its cash burn? For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. First, we'll determine its cash runway by comparing its cash burn with its cash reserves.

View our latest analysis for Mawson Gold

How Long Is Mawson Gold's Cash Runway?

A company's cash runway is calculated by dividing its cash hoard by its cash burn. In May 2021, Mawson Gold had CA$7.4m in cash, and was debt-free. Importantly, its cash burn was CA$12m over the trailing twelve months. That means it had a cash runway of around 7 months as of May 2021. That's quite a short cash runway, indicating the company must either reduce its annual cash burn or replenish its cash. Depicted below, you can see how its cash holdings have changed over time.

How Is Mawson Gold's Cash Burn Changing Over Time?

Because Mawson Gold isn't currently generating revenue, we consider it an early-stage business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. Over the last year its cash burn actually increased by a very significant 69%. While this spending increase is no doubt intended to drive growth, if the trend continues the company's cash runway will shrink very quickly. Mawson Gold makes us a little nervous due to its lack of substantial operating revenue. So we'd generally prefer stocks from this list of stocks that have analysts forecasting growth.

Can Mawson Gold Raise More Cash Easily?

Given its cash burn trajectory, Mawson Gold shareholders should already be thinking about how easy it might be for it to raise further cash in the future. Issuing new shares, or taking on debt, are the most common ways for a listed company to raise more money for its business. Many companies end up issuing new shares to fund future growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate).

Mawson Gold has a market capitalisation of CA$51m and burnt through CA$12m last year, which is 24% of the company's market value. That's not insignificant, and if the company had to sell enough shares to fund another year's growth at the current share price, you'd likely witness fairly costly dilution.

Is Mawson Gold's Cash Burn A Worry?

Mawson Gold is not in a great position when it comes to its cash burn situation. Although we can understand if some shareholders find its cash burn relative to its market cap acceptable, we can't ignore the fact that we consider its cash runway to be downright troublesome. Considering all the measures mentioned in this report, we reckon that its cash burn is fairly risky, and if we held shares we'd be watching like a hawk for any deterioration. On another note, Mawson Gold has 5 warning signs (and 3 which shouldn't be ignored) we think you should know about.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts)

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

TORONTO, Sept. 24, 2021 (GLOBE NEWSWIRE) — Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce that it has filed a National Instrument 43-101 ("NI 43-101") Technical Report for its Guayabales Project, Colombia with an effective date of August 30, 2021 (the "Technical Report"). The Technical Report is available for review on SEDAR (www.sedar.com) and on the Company's website (www.collectivemining.com).

Qualified Person (QP) and NI43-101 Disclosure

David J Reading is the designated Qualified Person for this news release within the meaning of National Instrument 43-101 (“NI 43-101”) and has reviewed and verified that the technical information contained herein is accurate and approves of the written disclosure of same. Mr. Reading has an MSc in Economic Geology and is a Fellow of the Institute of Materials, Minerals and Mining and of the Society of Economic Geology (SEG).

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America with insider ownership of approximately sixty-five percent. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is located in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated in early Q4, 2021. The 3,333-hectare Guayabales Project is also located in the mining-friendly Caldas department of Colombia. A maiden 7,500 metre drilling program is under way with initial assay results expected in Q4, 2021.

Contact Information

Collective Mining Ltd.
Paul Begin, Chief Financial Officer
Tel. (416) 451-2727

FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, statements about the maiden drill program, including timing of results, and Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

VANCOUVER, British Columbia, Sept. 24, 2021 (GLOBE NEWSWIRE) — Bearing Lithium Corp. (“Bearing” or the “Company”) (TSX Venture:BRZ) (OTCQB:BLILF) the Company is pleased to announce the appointment of Martin Gubbins to its Board of Directors.

Mr. Gubbins is a Chilean lawyer with 25 years of experience as an associate and partner of local law firms specializing in environmental litigation. He has also served as an independent legal advisor over the last three years. Mr. Gubbins has served as a board member for various private companies in Chile, with both Chilean and foreign investors. Mr. Gubbins is a member of the Advisory Legal Committee of Hogar de Cristo, the largest charity in Chile. From 2005-2018 he was a partner at CorreaGubbins (currently CorreaSquella) in Santiago, Chile. Mr. Gubbins graduated law school at the Universidad de Chile, Santiago. He also has a Master of Arts from the University of London.

The Company is also announcing that it has issued an aggregate of 1,000,000 stock options to its new director to purchase up to 1,000,000 common shares of the Company at a price of $0.23 per common share for a period of five years from grant, pursuant to its Stock Option Plan.

Bearing Lithium’s Chairman Gil Playford commented:

“Martin brings to the company local legal expertise and pragmatic business strategy and experience. He is well known to our Board and is joining us at an exciting time for the company’s participation in an advanced development project for the global lithium industry.”

About Bearing Lithium Corp.

Bearing Lithium Corp. is a lithium-focused mineral exploration and development company. Its primary asset is a 17.14% interest in the Maricunga Lithium Brine Project in Chile. The Maricunga Project represents one of the highest-grade lithium brine salars globally and the only pre-production project in Chile. Over $US 67 million has been invested in the Maricunga Project to date.

ON BEHALF OF THE BOARD

Signed "Gil Playford”
Gil Playford, Chairman
gplayford@bearinglithium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

This press release includes certain "forward-looking information” and "forward-looking statements” (collectively "forward-looking statements”) within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included herein, without limitation, statements relating the future operating or financial performance of the Company, are forward-looking statements.

Forward-looking statements are frequently, but not always, identified by words such as "expects”, "anticipates”, "believes”, "intends”, "estimates”, "potential”, "possible”, and similar expressions, or statements that events, conditions, or results "will”, "may”, "could”, or "should” occur or be achieved. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

SUDBURY, ON / ACCESSWIRE / September 24, 2021 / Northern Superior Resources Inc. ("Northern Superior" or the "Company") (TSXV:SUP) is pleased to announce the appointment of Mr. Rodney Barber (BSc., PGeo.) as its Vice President Exploration. In addition, the Company is also pleased to announce that Mr. Donald Boucher and Mr. Michel LeBlanc have joined Northern Superior to support field exploration activities as Contract Staff. These highly qualified, registered geoscientists represent an additional 110 years of field exploration experience, a significant bolstering to Northern Superior's exploration team and geoscience capabilities.

Dr. T.F. Morris (PhD., PGeo., FGAC, ICD.D), President and CEO of Northern Superior commented: "We are very pleased to have such an experienced and qualified group of professionals to assist in advancing Northern Superior's various exploration programs in Ontario and Québec. We look forward to working with these highly skilled professionals in advancing the Company's 100% owned and key exploration projects in Ontario and Québec: specifically, Ti-pa-haa-kaa-ning, Lac Surprise, Croteau Est and Wapistan.

Mr. Barber(BSc., PGeo., Citation Applied Geostatistics) is a registered Professional Geoscientist with more than 35 years of mineral exploration experience. Previously employed as the Geology Superintendent at Barrick-Hemlo, Ontario, he extended the mine life by at least 18 years through the discovery and delineation of over 4.5 Moz of gold in reserves and resources. Mr. Barber was responsible for all aspects of production geology and exploration in the Williams underground and open pit mines. He is also an experienced exploration geologist, having managed grassroots to advanced exploration programs in a variety of settings. He holds extensive experience in greenstone-hosted gold deposits, both narrow vein and bulk tonnage, as well as experience in epithermal gold deposits, porphyry copper-gold, VMS base metal, komatiite associated nickel and pegmatite deposits. Mr. Barber holds a B.Sc. (Honors) from Laurentian University and a Citation in applied Geostatistics from the University of Alberta.

Mr. Donald Boucher (BSc. Major Physics and Geology, Brock University, PGeo.) to assist with core drill programs in both Ontario and Québec and to provide First Nation relations advice. Mr. Boucher brings over 45 years of geological and geophysical field exploration (gold, diamonds, base metals, coal), mineral project and corporate management experience in Canada and Greenland. He served with DeBeers Canada Exploration Inc. holding a variety of positions including Divisional Manager East/ Senior Exploration Geologist, Divisional Manager Canada and Technical Manager, Joint Venture Projects. Mr. Boucher also served as Northern Superior's Vice President of Exploration from 2007- 2012 before retiring from full time employment. He has also held various levels of field geologist and geophysical positions as an independent contractor, with Monopros Ltd. and Hudson Bay Exploration and Development.

Mr. Michel Leblanc (Sciences Bachelor Geology, Université du Québec à Chicoutimi, PGeo.) to manage the Company's Lac Surprise core drill programs. Mr. Leblanc has over 30 years of field geology and exploration project management experience in Québec, Ontario and Saskatchewan. His primary focus is gold exploration, but he has also explored for Ni-Cu-EGP and uranium. He served as exploration manager for Queenston Mining, project manager for Northern Superior and Géonova Exploration Inc. and field geologist for a variety of Companies including Queenston Mining, Canalaska Ventures, Pacific Northwest Capital Corp., Falconbridge Ltd., Kinross Gold Corp., Corp. Miniére Inmet and SOQUEM.

Further to these appointments, the Company has engaged Orix Geoscience (Sudbury) to assist in providing modelling services and additional personnel as required.

About Northern Superior

Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Québec, and trades on the TSX Venture Exchange under the symbol SUP, and the OTCQB Venture Market under the symbol NSUPF.

For further information contact:

Thomas F. Morris PGeo., PhD., FGAC
President and CEO
Tel: (705) 525 ‐0992
Fax: (705) 525 ‐7701
e‐mail: info@nsuperior.com
www.nsuperior.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Northern Superior Resources Inc.

View source version on accesswire.com:
https://www.accesswire.com/665360/Northern-Superior-Appoints-Mr-Rodney-Barber-Vice-President-Exploration-and-Adds-Key-Contract-Staff-To-Support-Exploration-Programs

DENVER, CO / ACCESSWIRE / September 24, 2021 / Gold Resource Corporation (NYSE American:GORO) (the "Company", "We", "Our" or "GRC") has released its 2020 Sustainability Disclosure Topics & Accounting Metrics ("2020 SASB Report"), which uses the Value Reporting Foundation's Metals & Mining Sustainability Accounting Standard of reporting to outline the Company's progress on its sustainability performance in 2020 at the Don David Gold Mine in Oaxaca, Mexico.

The team at Gold Resource Corporation holds itself accountable to the highest environmental, social and governance standards. Our commitment to acting responsibly and delivering excellence in sustainability allows us to deliver benefits to all our stakeholders, including our employees and local communities," said Allen Palmiere, President and Chief Executive Officer.

The Company's 2020 SASB Report, available at https://goldresourcecorp.com/responsible-mining/esg-reports/, highlights significant progress achieved by the Company in 2020 when compared with 2019, including:

1. A 38% decline in greenhouse gas emissions (or 23% decline related to tons of CO₂ equivalent produced per tonne of ore processed).

2. A 14.8% decline in the fresh water withdrawn per tonne of ore processed.

3. A 31% decline in the fresh water consumed per tonne of ore processed.

4. The percentage of tailings recycled through the paste plant rose to 26% from 5.7% in 2019.

The declines in tons of CO₂ equivalent are largely due to the conversion to the electrical grid from diesel generating capacity. We continue to focus on identifying opportunities to lower our power consumption and improve efficiency in this area. The declines in water consumption were due to the installation of the paste tailings plant as water is recycled back to the processing plant from this process.

About Gold Resource Corporation

Gold Resource Corporation is a gold and silver producer, developer, and explorer with its operations centered on the Don David Gold Mine in Oaxaca, Mexico. Under the direction of a new board and senior leadership, the company's focus is to unlock the significant upside potential of its existing infrastructure and large land position surrounding the mine. For more information, please visit GORO's website, located at www.goldresourcecorp.com and read the company's Form 10-K for an understanding of the risk factors associated with its business.

Cautionary Statements:

This press release contains forward-looking statements that involve risks and uncertainties. The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. When used in this press release, the words "plan", "target", "anticipate," "believe," "estimate," "intend" and "expect" and similar expressions are intended to identify such forward- looking statements. Such forward-looking statements include, without limitation, the statements regarding Gold Resource Corporation's strategy, future plans for production, future expenses and costs, future liquidity and capital resources, and estimates of mineralized material. All forward-looking statements in this press release are based upon information available to Gold Resource Corporation on the date of this press release, and the company assumes no obligation to update any such forward-looking statements. Forward looking statements involve a number of risks and uncertainties, and there can be no assurance that such statements will prove to be accurate. The Company's actual results could differ materially from those discussed in this press release. In particular, the scope, duration, and impact of the COVID-19 pandemic on mining operations, Company employees, and supply chains as well as the scope, duration and impact of government action aimed at mitigating the pandemic may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Also, there can be no assurance that production will continue at any specific rate. Factors that could cause or contribute to such differences include, but are not limitedto, those discussed in the Company's 10-Q filed with the SEC.

For further information please contact:
Ann Wilkinson
Vice President, Investor Relations and Corporate Affairs
Ann.Wilkinson@GRC-USA.com
www.goldresourcecorp.com

SOURCE: Gold Resource Corporation

View source version on accesswire.com:
https://www.accesswire.com/665382/Gold-Resource-Corporation-Issues-2020-Sustainability-Accounting-Standards-Report

Infographic 1

Infographic 1

Infographic 2

Infographic 2

• All 24 completed drill holes drilled intersected significant widths of quartz-sulphides veining demonstrating the robust nature of the Surebet Polymetallic Gold-Silver Zone (“Surebet”) that remains open both along strike and to depth.

  • A total of 5,332 meters were drilled in the maiden 2021 drill campaign at Surebet.

  • 100% of the holes intersected the Surebet along the 1,000 meters strike length and 1,000 meters down dip to the west.

• GD-21-24 (421 meters @ 100°/-50°, UTMs: 457018E–6162588N) from the Real Deal Showing intersected 3 separate quartz-sulphide intervals:

  • Upper interval extends for 27.44 meters* from 180.56-208.00 meters characterized by quartz veining and brecciation with a few stringers of pyrrhotite (<0.1%) that correlates to the Real Deal Showing found at surface.

  • Middle interval extends for 21.72 meters* from 273.72–295.44 meters containing extensive quartz-veining and brecciation with sulphides of up to 10%.
    An accompanying infographic is available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/e2c28b9f-815e-4b6f-bddb-9b2b3e4718ff

    • A 500 meter down dip extension of Surebet from the Southwest Showing, (GD-21-09, 286 meters @ 40°/-89°, UTMs: 457455E–6163001N) based on a 30-degree dip.

    • A 1,000 meter down dip extension to the west of Surebet from the Northeast Showing (GD-21-06, 195 meters @ 30°/-62°, UTMs: 457518E–6163317N) based on a 30-degree dip.

    • An inferred 1,125 meter down dip extension from the apex of Surebet observed at surface.
      An accompanying infographic is available at:
      https://www.globenewswire.com/NewsRoom/AttachmentNg/3eaf92d1-8d36-4522-b663-9d66a83d32b2

  • Lower interval extends 8.82 meters* from 379.67-388.49 meters characterized by quartz veins with stringers and blebs of pyrrhotite (up 2%) and minor galena and sphalerite. This zone appears to be a lower splay off Surebet.

• GD-21-23 (172 meters @ 40°/-62°, UTMs: 457556E-6163166N) from the West Central Showing

  • The Surebet envelope is 13.36 meters* and extends from 114.91-128.27 meters consisting of pyrrhotite (3-5% of total rock volume) stringers in quartz; vein amount and size increases with depth.

  • From 115.52-116.00 meters and from 128.00-128.27 meters are two sections of quartz vein-breccia with stringers and blebs of 15-20% pyrrhotite, 3-5% galena and minor sphalerite within the quartz material. Outside of both sections the mineralized envelope consists of quartz veining (up to 50% of total rock volume) with minor pyrrhotite (1-3 %).

• Drill core from the 24 holes have been sent for analysis; assays from GD21-001 to -003 have been reported and results from 21 holes are still pending.
  ^{* The stated mineralized lengths in meters are downhole core lengths and not true widths. True widths will be calculated once all the drilling is completed, and the exact geometry of the quartz-sulphide system can be determined with confidence.}

TORONTO, Sept. 23, 2021 (GLOBE NEWSWIRE) — Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to report a 21.72 meter* intercept in drill hole GD-21-24 from the Real Deal Showing containing extensive veining and brecciation with up to 10% sulphides similar to the Surebet Polymetallic Gold-Silver Zone (“Surebet”) seen in other intercepts.

All 24 drill holes (100%) in the 2021 maiden drilling campaign have intersected significant widths of quartz-sulphides veining along the 1,000 meters of strike length and 1,000 meters down dip extent demonstrates the extent and robust nature of Surebet. Surebet remains open both along strike and to depth. Assays are pending on 21 additional holes.

The Company drilled a total of 5,332 meters during its 2021 maiden diamond drill campaign at its 100% owned Golddigger Property. The program is now completed and is in the process of demobilizing for the season.

The 2021 drill campaign was designed to trace the high-grade gold-silver mineralization at Surebet along 1,000 meters of strike and down dip. From extensive channel cuts taken in 2020, the Surebet Zone averaged 9.84 meters wide grading 7.59 g/t Au with 500 meters of vertical relief and 1,000 meters of inferred down dip extent seen on the north side of the mountain. The Golddigger Property is located in a mining friendly jurisdiction in a world class geological setting near Stewart, B.C. in the Golden Triangle of British Columbia. The Homestake Ridge Deposit (Fury Resources Inc.), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

* The stated mineralized lengths in meters are downhole core lengths are not true widths. True widths will be calculated once all the drilling is completed, and the exact geometry of the quartz-sulphide system can be determined with confidence.

QA-QC Protocols

Oriented HQ-diameter diamond drill core from the Surebet drill campaign is placed in core boxes by the drill crew contracted by Goliath. Core boxes are transported by helicopter over a 15-kilometer distance to the Kitsault staging area, and then transported by truck approximately 500 meters to the Goliath core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labeled, RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX Deposit™.

Drill holes were planned using Leapfrog Geo™ and QGIS™ software and data from the 2019 and 2020 exploration campaigns, the 2021 airborne Mag and VLF-EM geophysical survey, and an in-house lineament study incorporating observed folds, axial planes, geologic contacts, dykes swarms, cleavages, and all significant lineaments/structures.

Drill core containing quartz, sulphides, or notable alteration are sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half, one-half remains in the box for future reference and the other half is inserted in a clean plastic bag with a sample tag. Standards, blanks and pulp duplicates were added in the sample stream at a rate of 10%. Samples are transported in rice bags sealed with numbered security tags. Goliath personnel drives samples from Kitsault to Terrace and a transport company takes them from there to the ALS lab facilities in North Vancouver (or MSA lab facilities in Langley). At ALS (or MSA), samples are processed, dried, crushed, and pulverized before analysis using the ME-ICP61 and Au-ICP21 (ICP-130, ICA-5Ag, and FAS-124) methods. Overlimits are re-analyzed using the ME-ICP61, Au-ICP21, and Ag-GRA21 (FAS-428, ICA-6Ag, and FAS-425) methods. If Gold is higher than 5 g/t, the lab will re-analyze using Metallic Screening Au-SCR24C (MSC-150) method.

Golddigger Property

The Property covers an area of 23,859 hectares (for 59,646 acres or 239 square-kilometers) and is in the world class geological setting of the Golden Triangle area on tide water 30 kilometers southeast of Stewart, B.C. The Homestake Ridge Deposit (Fury Resources Inc.), Dolly Varden Silver Mine (Dolly Varden Silver Corp.), and the Kinskuch Project (Hecla Mining Company) are in close proximity.

Surebet is characterized by a series of NW-SE trending structures that occur within a package of Hazelton group sediments underlain by Hazelton volcanics and are within 2 km of the Red Line. Lidar imagery, drone imagery, and field observations have identified several additional paralleling structures within a 4 square-kilometers area. Geochemical analyses have confirmed high-grade gold-silver polymetallic mineralization within these structures.

Qualified Person

Rein Turna, P. Geo, is the qualified person as defined by National Instrument 43-101, for Goliath Resources Ltd projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and the Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887 x222
roger@goliathresources.com
www.goliathresourcesltd.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this news release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this news release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

VANCOUVER, BC, Sept. 22, 2021 /CNW/ – South Star Battery Metals Corp. ("South Star" or the "Company") (TSXV: STS) (OTCQB: STSBF), along with its technological partner in the United States ("US Lab"¹), are pleased to announce the latest life cycle testing results for the first 75 cycles (charging & discharging) in CR2016 LiB coin cells constructed with anode material (coated spherical purified graphite) produced from the Santa Cruz Graphite Project. Several battery cells were constructed as part of the ongoing optimization and testing program, and all the cells continue to have an extremely flat discharge pattern without noticeable degradation over the current testing period.

One cycle consists of 10 hours of charge and 10 hours of discharge, therefore 75 cycles equals approximately 1,500 hours total. South Star's testing program continues and will include a minimum of 100 cycles for each of the LiB cells. Upcoming work also includes downstream processing flowsheet optimizations and validation. (Refer to August 30^th, 2021 press release for results from initial 35 cycles.)

In addition, South Star has successfully completed 4-Point resistivity testing (4T) for use in Electrolytic Manganese Dioxide (EMD) for evaluating conductivity enhancement material used in cathodes of primary alkaline batteries. The Santa Cruz material tested was made of the purified graphite rejects from the spheronization process and confirmed that purified flake graphite from the Santa Cruz project is significantly more conductive than industry-leading material currently in use. With the alkaline battery market producing over 12 billion batteries annually and a global market value in excess of US$7.5B in 2020, this application could potentially develop into a key market for South Star.

"We continue to announce robust battery testing results while advancing towards production in 2022," commented Richard Pearce, President and CEO of South Star. "The cycle testing with anodes produced using Santa Cruz graphite in CR2016 LiB batteries continues to be very stable with little degradation throughout 75 cycles and maintaining reversible capacity on the order of 345 – 346 mAh/g through cycle 75. This equates to a degradation through 75 cycles of approximately 2 percent, which is an excellent outcome for our program.

The high-quality conductivity enhancement material for alkaline batteries markets is also very exciting. In essence, our purified graphite is extremely conductive allowing alkaline battery manufacturers to potentially reduce the required amount of graphite used as conductivity enhancement material in the cathode and instead increase the energy density to make a longer-lasting alkaline cell. The market is large and growing, and our material has proven to be very high-quality. It also requires approximately 8 to 9 months to qualify this material, which is significantly faster than in the EV markets while offering robust margins similar to the EV space. We continue to evaluate several potential markets to sell 100% of our production and develop a diversified portfolio of high value-add materials with good margins."

Santa Cruz Product Information Bulletins (PIBs) with technical information for the portfolio of products, safety data sheets (SDSs) and marketing materials have been prepared and are being distributed to our existing partners and potential clients. Samples of value-add products including micronized & purified graphite, expanded & expandable graphite, as well are as coated and uncoated SPG will also be produced and available for testing.

Key Management and Board Changes

South Star is pleased to announce the appointment of Ms. Samantha Shorter to the role of CFO in place of Mr. Bennett Liu, who has resigned to pursue other opportunities. Ms. Shorter is a senior finance and accounting professional with 15 years of experience in the mineral exploration sector and has served as CFO of various junior mining companies. She has extensive international experience with development projects as well as operating assets. Ms. Shorter was also previously employed as an audit manager at a major Canadian accounting firm specializing in the mining industry and has extensive experience providing financial reporting and corporate services to companies in the mining and mineral exploration industries. Ms. Shorter is a CPA, CA and CIA and holds a Bachelor of Commerce degree with Honours from the University of British Columbia.

South Star is also pleased to announce the appointment of Ms. Priscila Costa Lima to the Board of Directors in place of Mr. Felipe Alves, who has elected to step down to pursue other interests. Ms. Costa Lima is senior finance and accounting professional with 20 years of experience in corporate finance, reporting & audit, and equity & debt financing in the mining and entertainment sectors. Currently she serves as the CFO of BRON Media Corp., and prior to that, she was the Finance Director for Force Four Entertainment (an eOne Entertainment company). Before making the move to the entertainment industry, she worked in the mining / resource sector where she served as the CFO of Marlin Gold Mining Ltd. from 2010 to 2014. Ms. Costa Lima is a Brazilian citizen based in Vancouver, BC. She is a CPA, CMA and holds a BBA in Finance with a joint Major in Economics from Simon Fraser University.

Richard Pearce commented, "On behalf of the Board of Directors and Management, we are pleased to welcome Sam and Priscila to the team and look forward to working with them as we advance to construction, Phase 1 production and subsequent scaling of the operations to a world-class graphite asset. We are excited to add their experience and expertise to our growing team, and they will be key collaborators as we move forward with our plans. We would like to also to thank Felipe and Bennett for their contributions and tireless work ethics over the years. We wish them much success in their new endeavours."

Lithium-Ion Battery Life Cycle Test Results

Purified graphite was successfully micronized using advanced pilot scale mechanical milling system outfitted with two air classification circuits. Once the target sizing geometries were achieved, uncoated SPG was produced by rolling and rounding the micronized graphite into elliptical spheres in a specialized mill. The elliptical shapes are a preferred morphology for higher packing density active loadings in battery electrodes. They are also preferred due to better rate capacities, safer and generally longer-life LiBs. Uncoated SPG was coated with a nanolayer of soft carbon and heat treated under a blanket of inert gas. The hardened coating provides a layer of protection from exfoliation and general degradation during the normal expansion and contraction cycles associated with charging and discharging. The coating also reduces ongoing reactions of electrolytes with the graphitic carbon, which results in a reduced battery life (See June 29^th, 2021 press release for more details).

Next, a copper foil was coated with the anode slurry using the drawdown technique, and the electrode was dried under vacuum and weighed. Finally, the anode was welded to the bottom can of a stainless-steel standard CR2016 coin cell. Three identical coin cells were produced, and testing includes the following: reversible capacity, irreversible capacity, irreversible capacity loss and long-term cycling stability as a function of the elapsed number of charge/discharge cycles.

As shown in Figure 1, other notable positive properties of Santa Cruz anode material are that their reversible capacities are at approximately 345 mAh/g thru 75 cycles, which is a degradation of 2 percent. Assuming the current degradation rate continues, Santa Cruz graphite could potentially exceed 500 cycles prior to performance cut-off and potentially provide an interesting alternative to synthetic graphite, which has significantly higher costs, higher environmental footprint and is a product derived from petroleum.

Figure 2 presents the results for Cell 3 through cycles 25, 50 and 75 and confirm that the cells maintain excellent electrochemical performance throughout the current testing attesting to the robust nature of the Santa Cruz natural crystalline flake characteristics as anode material for lithium-ion batteries.

Conductivity Enhancement Material for Alkaline Battery Cathodes Test Results

South Star successfully completed 4-Point resistivity testing for Electrolytic Manganese Dioxide (EMD) for evaluating conductivity enhancement material used in cathodes for primary alkaline batteries. The Santa Cruz material tested was made of the purified graphite rejects from the spheronization process with a D50 equal to 7 microns. Compression molded cathode rings made from EMD using Santa Cruz graphite were produced using varying loadings into the EMD. The resistivity was tested using an industry standard 4-point (4T) test where resistivity is determined by Kelvin Bridge and is measured in Ω inch or mΩ·cm. Various pressures were tested to determine the resulting resistivity. The results are presented in Figure 3 and confirm that conductivity enhancement material made from Santa Cruz purified graphite outperformed industry standard expanded graphite and synthetic graphite products. Potentially, purified rejects from the spheronization process could provide lower cost and higher quality alternatives to current industry standard products.

About South Star Battery Metals Corp.

South Star Battery Metals Corp. is Canadian battery metals project developer focused on the selective acquisition and development of near-term production projects in the Americas. South Star's Santa Cruz Graphite Project, located in Southern Bahia, Brazil is the first of a series of industrial and battery metals projects that will be put into production. Brazil is the second-largest graphite-producing region in the world with more than 80 years of continuous mining. Santa Cruz has at-surface mineralization in friable materials, and successful large-scale pilot-plant testing (>30t) has been completed. The results of the testing show that approximately 65% of Cg concentrate is +80 mesh with good recoveries and 95-99% Cg. With excellent infrastructure and logistics, South Star is carrying its development plan towards Phase 1 production projected in Q4 2022, pending financing. South Star trades on the TSX Venture Exchange under the symbol STS, and on the OTCQB under the symbol STSBF.

South Star is committed to a corporate culture, project execution plan and safe operations that embrace the highest standards of ESG principles based on transparency, stakeholder engagement, ongoing education and stewardship. To learn more, please visit the Company website at http://www.southstarbatterymetals.com.

This news release has been reviewed and approved by Richard Pearce, P.E., a "Qualified Person" under National Instrument 43-101 and President and CEO of South Star Battery Metals.

On behalf of the Board,

Mr. Richard Pearce
Chief Executive Officer

Twitter: https://twitter.com/southstarbm
Facebook: https://www.facebook.com/southstarbatterymetals
LinkedIn: https://www.linkedin.com/company/southstarbatterymetals/
YouTube: South Star Battery Metals – YouTube

CAUTIONARY STATEMENT

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

This news release and the Updated Technical Report contain references to inferred resources. The Report is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves.

Forward-Looking Information

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".

Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.

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SOURCE South Star Mining Corp.

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VANCOUVER, BC / ACCESSWIRE / September 22, 2021 / Klondike Gold Corp. (TSXV:KG)(FRA:LBDP)(OTC PINK:KDKGF) ("Klondike Gold" or the "Company") is pleased to report results of 2021 Phase 2b diamond drilling at the Lone Star Zone on the Company's wholly owned 586 square kilometer Klondike District Project near Dawson City, Yukon Territory.

Highlights from Phase 2b Lone Star Drilling:

• 0.35 g/t Au over 150.0 meters from 7.0 meters to 157.0 meters in LS21-397 including

• 0.74 g/t Au over 38.0 meters from 93.0 meters to 131.0 meters

• 0.62 g/t Au over 58.0 meters from 156.0 meters to 214.0 meters in LS21-402

• 0.84 g/t Au over 29.0 meters from 4.0 meters to 33.0 meters in LS21-399

Peter Tallman, Klondike Gold's CEO comments, "At ~200 meters vertical depth, these latest Phase 2b drill results from the Lone Star Zone intersected the deepest gold mineralization yet. In addition, the Lone Star Zone gold mineralization has demonstrated continuity along the downhill slope dip length over 350 meters distance. This is a substantial increase from 200 meters previously. All dimensions remain open, and we will soon be reporting the results of drill testing to the east. All these results will be incorporated into the forthcoming independent Technical Report as we work towards a maiden mineral resource."

PHASE 2 DRILLING

Phase 2 drilling at the Lone Star Zone is complete. Results from the Lone Star area (Phase 2b) tested the downslope and potential down-dip extension of the Lone Star Zone with 13 holes totalling 2,661 meters are reported here. Results from the Lone Star ‘East' area (Phase 2a) tested the potential eastern extension of the Lone Star Zone with 12 holes totalling 1,222 meters, are still pending and due shortly. See Figure 1 for drill targets and Table 1 for assay results on the Phase 2b Drilling on the Lone Star Zone.

See Figure 2 for a simplified cross section across the Lone Star Zone showing continuity of mineralization subparallel to the slope which includes deep hole LS21-397.

Figure 1: Lone Star Zone Target Areas and 2021 Phase 2 Drill Holes.

Figure 2: Cross section with LS21-397 gold intersection from surface to 150 meters vertical depth.

Table 1: Significant Lone Star Zone Drill Phase 2b Mineralization

All holes are drilled at 200 azimuth and 55 degree dip. Oriented core data shows sheeted gold quartz veining is structurally uniform at 310 azimuth and 35 degree northeast dip. From this data, drill hole intersections are approximately >90% of true width. Offsets of mineralization within section occur as a result of (oblique to section) offset faults with 30m to 100m approximate displacement.

GEOLOGY UPDATE

A significant deep crustal fault has been identified by mapping comprised of graphitic melange with large pyroxenite blocks or ‘knockers' derived from crustal terranes deep beneath the obducted Klondike Schist. The Lone Star Zone mineralization comprised of gold-bearing sheeted vein zones with locally disseminated gold is developed between this deep crustal fault below and a secondary fault (the Rabbit Creek fault in earlier news releases) more than 1,000 meters away uphill.

PHASE 4 DRILLING AND EXPLORATION UPDATE

A Phase 4 addition to the 2021 drilling program consisting of approximately 12 to 15 holes totalling up to 1,500 meters is underway with holes planned to include testing a new target area located by recent prospecting (see News Release August 24, 2021).

Klondike Gold contracted GeoCloud Analytics of Melbourne, Australia to complete a detailed re-interpretation of the 2019 LIDAR survey data. A detailed interpretation of 10% of the Company's land holdings covering the core Bonanza and Eldorado Creek area has been received. Based upon the identification of abundant new targets, including over 1,200 previously unknown pits or workings as example, the re-interpretation work has been expanded to include the entire district flown with this survey. This work is intended to substantially increase the overall resolution of the original survey and to identify and systematically map key features that will help the Company target additional areas of potential mineralization throughout the Klondike District Project. The work is in progress.

Klondike Gold also contracted LiDAR Services International Inc. to complete a high resolution orthophoto survey over key areas of the Klondike District Project. The survey has been flown with results received and validated. This photo survey is now the base reference datum for ongoing drill work.

SRK Consulting of Toronto have been contracted to prepare a Technical (NI43-101) Report summarizing geology and exploration on the Company's Klondike District Project. Site visit field review has been completed. The report is in progress and is anticipated to be completed for filing by 4Q2021.

2021 ASSAY PROTOCOLS

All 2021 drill holes referenced in this release produced NTW (5.71cm dia.) drill core. Assay samples from drill core are cut using a diamond saw. Half the core sample interval is bagged, tagged, and sealed; the other half is returned to the core box with a corresponding tag and retained for reference. Two gold reference standards, two blank samples (a coarse and a fine), and a coarse sample duplicate per 100 samples, are routinely inserted as part of Klondike Gold's quality assurance / quality control ("QA/QC") program, independent of and additional to the laboratory QA/QC program.

Sample bags are aggregated into rice bags, sealed, and submitted by Klondike Gold personnel to Bureau Veritas Mineral Laboratories ("BV Labs") preparation facility in Whitehorse, YT with chemical analysis of sample pulps completed in Vancouver, British Columbia. Bureau Veritas Labs is an accredited ISO 9001:2008 full-service commercial laboratory.

At BV Labs each drill core sample is crushed to 70% passing 2 mm size. A 500 g subsample is pulverized to 85% passing 75 microns size (200 mesh)(Code PRP70-500). All samples of 500 g were sieved to 106 microns (140 mesh) for "metallic screen" assaying. The +140 mesh fraction is weighed and assayed for gold by fire assay ("FA") fusion with a gravimetric finish (Code FS631). A 30 g subsample of the -140 mesh fraction is assayed for gold by fire assay ("FA") fusion with an atomic absorption ("AA") finish (Code FA430). All over-limit results in excess of 10 ppm (10 g/t) for both silver and gold are re-assayed using a 30 g subsample and assayed by FA with a gravimetric finish (Code FA530-Au/Ag). Total gold grade is then calculated using a weighted average of the plus and minus fraction assay results.

QUALIFIED PERSONS REVIEW

The technical and scientific information contained within this news release has been reviewed and approved by Ian Perry, P.Geo., Vice-President Exploration of Klondike Gold Corp. and Qualified Person as defined by National Instrument 43-101 policy. Detailed technical information, specifications, analytical information and procedures can be found on the Company's website.

COVID-19 UPDATE

Klondike Gold continues to take proactive measures to protect the health and safety of our local host community, our contractors and our employees from COVID 19. Exploration activities in 2021 continue to have additional safety measures in place, following and exceeding all the recommendations made by the Yukon's Chief Medical Officer.

ABOUT KLONDIKE GOLD CORP.

Klondike Gold Corp. is a Vancouver based gold exploration company advancing its 100%-owned Klondike District Gold Project located at Dawson City, Yukon Territory, one of the top mining jurisdictions in the world. The Klondike District Gold Project targets gold associated with district scale orogenic faults along the 55-kilometer length of the famous Klondike Goldfields placer district. To date, multi-kilometer gold mineralization has been identified at both the Lone Star Zone and Stander Zone, among other targets. The Company is focused on exploration and development of its 586 square kilometer property accessible by scheduled airline and government-maintained roads located on the outskirts of Dawson City, YT within the Tr'ondëk Hwëch'in First Nation traditional territory.

ON BEHALF OF KLONDIKE GOLD CORP.

"Peter Tallman"

President and CEO
(604) 609-6138
E-mail: info@klondikegoldcorp.com
Website: www.klondikegoldcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

"This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. This information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may," "will," "should," "anticipate," "plan," "expect," "believe," "estimate," "intend" and similar terminology, and reflect assumptions, estimates, opinions and analysis made by management of Klondike in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause Klondike's actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and accordingly, undue reliance should not be placed thereon.

Risks and uncertainties that may cause actual results to vary include but are not limited to the availability of financing; fluctuations in commodity prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com. Klondike disclaims any obligation to update or revise any forward-looking information or statements except as may be required."

SOURCE: Klondike Gold Corp.

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TORONTO, Sept. 21, 2021 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has signed a contract with Prospectair Geosurveys Inc. of Quebec to conduct a high-resolution Magnetic and Radiometric airborne geophysical survey on the Good Hope Niobium Project, located 60 km northwest of Marathon, Ontario. The survey is scheduled to begin at the end of September 2021 and be completed over a period of 1 to 3 days.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Good Hope Niobium Property Location

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Geophysical Survey Plan (Prospectair Geosurveys Inc.)

The planned airborne survey will better define the potential of the area surrounding the discovered niobium-rich carbonatite occurrences outlined in Plato Gold’s 2018 diamond drilling program. Results from both the survey and the recently completed sampling program conducted on the 2018 drill core (see Plato Gold News Release, August 25, 2021), will be used to focus the company’s exploration work moving forward. The expanded sampling program resulted in the submission of 2,314 samples to the Actlabs Laboratory facility in Thunder Bay, Ontario for niobium analysis. The company expects to start receiving results from this program over the next 2 to 3 weeks.

Anomalies generated by the company’s airborne geophysical survey and assay results from the sampling program, will be used in targeting a phase 2 diamond drilling program at the main discovery area on the Good Hope Property.

The Good Hope Property is a discrete carbonatite complex located northwest of the Prairie Lake Carbonatite Complex. The Good Hope carbonatites are host to niobium mineralization which occurs principally as pyrochlore-apatite clasts within a carbonatite breccia. The carbonatites are distinct in their mineralogy from the nearby Prairie Lake Complex.

The technical and scientific disclosures in this news release have been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a ‘Qualified Person’ (QP) under National Instrument 43-101.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange and Frankfurt Exchange with projects in Timmins Ontario, Marathon Ontario, and Santa Cruz, Argentina.

The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.

In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.

The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario with the primary target being niobium.

The Pic River Platinum Group Metals (PGM) Project consists of 2,247 hectares in Foxtrap Lake and Grain Township, near Marathon Ontario of which 19 claims are contiguous to the western boundary of Generation Mining’s Marathon PGM project and is located on strike to Generation Mining’s Sally deposit.

For additional company information, please visit www.platogold.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

For further information, please contact:

Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
info@platogold.com
www.platogold.com

Forward-Looking Statements

This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the potential mineralization and resources, exploration results, concentrations of pay minerals that may offset operating costs and future plans and objectives. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even if tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained. Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

Figure 1

2021 Drill Holes Completed

Figure 2

Cross Section of the Jubilee South Drilling

Figure 3

Drill Holes at Southern Extension of Surluga Resource

Figure 4

Drill Holes at Northern Extension of Surluga Resource

TORONTO, Sept. 20, 2021 (GLOBE NEWSWIRE) — Red Pine Exploration Inc. (TSX-V: RPX) (“Red Pine” or the “Company”) is pleased to report new and notable results from its 2021 drilling program at the Wawa Gold Project, including the discovery of high-grade gold mineralization in the Jubilee Shear Zone more than 400 metres down-dip of the current boundary of the Surluga Deposit inferred resource.

Highlights of the 2021 Drilling Program (Tables 1 and 2, Figures 1 and 2)

• Intersection in SD-21-298A of 25.73 g/t gold over 4.78 metres true width (TW) in the Jubilee Shear Zone, including 41.73 g/t gold over 1.93 metres (TW) and 45.80 g/t gold over 0.92 metres (TW), more than 400 metres down-dip of the current boundary of the Surluga Deposit inferred resource.

• Indications that higher-grade gold mineralization extends down-dip of the Surluga Deposit inferred resource, in the northern extension of the Surluga Deposit.

  • Intersection of 4.39 g/t gold over 2.55 metres (TW) including 8.76 g/t gold over 0.87 metres (TW) in SD-21-299.

  • Intersection of 3.38 g/t gold over 2.91 metres (TW) in including 5.52 g/t gold over 0.91 metres (TW) in SD-21-301.

• Visible gold has been observed in two different veins in the Jubilee Shear Zone located in hole SD-21-302 in the Surluga South discovery (assays pending).

“The results from our 2021 drilling program continue to illustrate the untapped potential of the Wawa Gold Project. Hole SD-21-298A confirms the presence of zones of high-grade gold mineralization in the Surluga South exploration target and represents an exciting development in the discovery made by Red Pine in 2020. In the northern end of the Jubilee Shear Zone, >400 metres down-dip of the inferred resource of the Surluga deposit, our drilling results suggest that higher-grade mineralization extends into previously unexplored areas. These results are beginning to define a zone that would expand the resource in the northern end of the deposit.

Red Pine’s production has significantly improved with the two operating drills on site, the contractor’s recent ability to operate the third drill will significantly improve our drilling production. The third drill, which will target the Darwin-Grace greenfield target, is on schedule to start this month.” – Quentin Yarie, President and CEO.

Figure 1- 2021 Drill Holes Completed
https://www.globenewswire.com/NewsRoom/AttachmentNg/8da834b7-bba8-4a44-8ed3-419ea34f51cf

Diamond Drilling

As part of its on-going 2021 exploration drilling program, Red Pine is testing the northern and southern depth extensions of the Surluga Deposit and the Minto Mine South Deposit. One drill rig is active at the northern end of the Surluga Deposit and one drill rig is active at the southern end of the Surluga Deposit. The southern drill is testing both the Minto Mine South Deposit and the Sadowski Gold Zone discovery.

At the southern end of the Surluga Deposit, in holes SD-21-296A, 297A, 298A and 302, the Jubilee Shear Zone was successfully intersected up to 400 metres away from the current boundary of the Surluga Deposit resource. Results in the Jubilee Shear Zone for holes SD-21-296A, 297A and the top of hole SD-21-298A have previously been released. Visible gold has been observed in two different veins in the Jubilee Shear Zone in SD-21-302 (assays pending).

Drilling at the southern end of the Surluga Deposit also resulted in the discovery of the down-dip extension of the Minto Vein in the Minto Mine Shear Zone in hole SD-21-297A, and the discovery of significant mineralization in the Minto Vein in hole SD-21-298A. Additional drilling is necessary to define the size and extent of this new zone of high-grade gold mineralization in the Minto Vein.

Hole SD-21-300 continues to expand the mineralized footprints of the newly discovered Sadowski Gold Zone, a newly discovered near-surface network of quartz veins hosting zones of high-grade mineralization.

At the northern end of the Surluga Deposit, drilling indicated that the Jubilee Shear Zone extends down-dip of the current limit of the inferred resource, and that zones of higher-grade gold mineralization could exist in the unexplored down-dip extension of the structure. This is supported by the new drilling results from holes SD-21-299 and SD-21-301 that confirm the extension of gold mineralization in the Jubilee Shear Zone down-dip beyond the current inferred resource of the Surluga deposit. In addition, in hole SD-21-299, a network of gold mineralized quartz veins was discovered above the Jubilee Shear Zone.

Table 1 – Significant Drilling Intersections from the 2021 Drilling Program (includes complete results from SD-21-298A)

*Results in the Sadowski Gold Zone are presented as core length and are estimated to be between 40% and 80% true width. Results in zones labelled Quartz vein and Disseminated sulfides are presented as core length and additional drilling is necessary to estimate the true width of those zones of mineralization.

Figure 2- Cross Section of the Jubilee South Drilling
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Table 2 – Coordinates of the Reported Holes

Figure 3- Drill Holes at Southern Extension of Surluga Resource
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Figure 4- Drill Holes at Northern Extension of Surluga Resource
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On-site Quality Assurance/Quality Control ("QA/QC") Measures

Drill core samples were transported in security sealed bags for analyses at Actlabs in Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and sealed. Groups of samples were then placed into durable rice bags and then shipped. The residual coarse reject portions of the samples remain in storage if further work or verification is needed.

Red Pine has implemented a quality-control program to comply with best practices in the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts external gold standards (low to high grade) and blanks every 20 samples in addition to random standards, blanks, and duplicates.

Qualified Person

Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine and the Qualified Person, as defined by National Instrument 43-101, has reviewed, and approved the news release’s technical information.

COVID-19 Precautions

Red Pine has developed and implemented compliant precautions and procedures according to guidelines for the Province of Ontario. Protocols were put in place to ensure our employees’ and contractors’ safety, thereby reducing the potential for community contact and spreading of the virus.

About Red Pine Exploration Inc.

Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto, Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange under the symbol "RPX".

The Wawa Gold Project is in the Michipicoten greenstone belt of Ontario, a region that has seen major investment by several producers in the last five years. Its land package hosts numerous historic gold mines and is over 6,800 hectares in size. The Company’s Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has extensive and diverse experience at such entities as Alamos, Barrick, Generation Mining, Detour Gold, in addition to recently appointed Rachel Goldman who holds capital markets expertise and a position at Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO, who has over 25 years of experience in mineral exploration, Red Pine is strengthening its position as a major mineral exploration and development player in the Michipicoten region.

For more information about the Company, visit www.redpineexp.com

Or contact:

Quentin Yarie, President and CEO, (416) 364-7024, qyarie@redpineexp.com

Or

Tara Asfour, Investor Relations Manager, (514) 833-1957, tasfour@redpineexp.com

¹National Instrument 43-101 Technical Report for the Wawa Gold Project, Brian Thomas P.Geo. Golder Associates Ltd, effective July 16, 2019

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This News Release contains forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

TORONTO, Sept. 16, 2021 (GLOBE NEWSWIRE) — Plato Gold Corp. (TSX-V: PGC; Frankfurt: 4Y7 or WKN: A0M2QX) is pleased to announce it has signed a contract with Prospectair Geosurveys Inc. of Quebec to conduct a high resolution airborne Magnetic and Time-Domain Electromagnetic (TDEM) geophysical survey on the Pic River PGE-Cu-Ni Property, located 30 km northwest of Marathon, Ontario. The survey is scheduled to begin in early November 2021 and be completed over a period of 3 to 5 days.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Pic River Property Location

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Geophysical Survey Plan (Prospectair Geosurveys Inc.)

The survey planned for Pic River Property will assist in outlining potential PGE-Cu-Ni targets within the favourable layered gabbro series that extends west onto Plato Gold’s Pic River claims from Generation Mining Limited’s Sally Zone Deposit. The layered gabbro unit, which occupies the eastern and northern rim of the Coldwell Alkalic Complex, was identified and mapped by Walker et al. (1993) of the Ontario Geological Survey, as representing the basal portion of the complex.

The layered gabbro unit also hosts other PGE-Cu-Ni mineralized zones including the Marathon Palladium-Copper Deposit along the eastern rim of the complex. Generation Mining is currently awaiting environmental approval for the development of an open pit mining operation. The current Measured and Indicated mineral resource estimate for the Marathon Deposit consists of 3.24 Moz Pd, 1.06 Moz Pt, 796 Mlb Cu, 9.34 Moz Ag and 0.39 Moz Au (Generation Mining Limited website, September 2021).

Anomalies generated by Plato Gold’s upcoming airborne geophysical survey will be used to define targets for a planned diamond drilling program on the Pic River PGE-Cu-Ni Property.

It should be noted that mineralization hosted on Generation Mining’s adjacent Marathon Property is not necessarily indicative or representative of mineralization hosted on the Company’s property. Further exploration work by Plato Gold is required to determine the composition and continuity of the favorable mineralized gabbro horizon across the Pic River Property.

The technical and scientific disclosures in this news release have been reviewed and approved by Gerald D. White, B.Sc., P.Geo., a ‘Qualified Person’ (QP) under National Instrument 43-101.

About Plato Gold Corp.

Plato Gold Corp. is a Canadian exploration company listed on the TSX Venture Exchange and Frankfurt Exchange with projects in Timmins Ontario, Marathon Ontario, and Santa Cruz, Argentina.

The Timmins Ontario project includes 4 properties: Guibord, Harker, Holloway and Marriott in the Harker/Holloway gold camp located east of Timmins, Ontario with a focus on gold.

In Argentina, Plato owns a 95% interest in Winnipeg Minerals S.A. (“WMSA”), an Argentina incorporated company that holds a number of contiguous mineral rights totalling 9,672 hectares with potential for gold and silver.

The Good Hope Niobium Project consists of approximately 5,146 hectares in Killala Lake Area and Cairngorm Lake Area Townships, near Marathon Ontario with the primary target being niobium.

The Pic River Platinum Group Metals (PGM) Project consists of 2,247 hectares in Foxtrap Lake and Grain Township, near Marathon Ontario of which 19 claims are contiguous to the western boundary of Generation Mining’s Marathon PGM project and is located on strike to Generation Mining’s Sally deposit.

For additional company information, please visit www.platogold.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

For further information, please contact:

Anthony Cohen
President and CEO
Plato Gold Corp.
T: 416-968-0608
F: 416-968-3339
info@platogold.com
www.platogold.com

Forward-Looking Statements

This news release contains “forward-looking statements”, within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding the potential mineralization and resources, exploration results, concentrations of pay minerals that may offset operating costs and future plans and objectives. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include but are not limited to: changing costs for mining and processing; increased capital costs; the timing and content of upcoming work programs; geological interpretations based on drilling that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits that with further test work may not be comparable; testing of our process may not prove successful and even if tests are successful, the economic and other outcomes may not be as expected; the availability of labour, equipment and markets for the products produced; and conditions changing such that the minerals on our property cannot be economically mined, or that the required permits cannot be obtained. Although management of Plato has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained herein is given as of the date hereof and the Company assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

Vancouver, British Columbia–(Newsfile Corp. – September 16, 2021) – New Carolin Gold Corp. (TSXV: LAD) (OTC Pink: LADFF) (the "Company" or "New Carolin") is pleased to announce the completion of the previously-announced plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia) whereby Talisker Resources Ltd. ("Talisker") acquired all of the issued and outstanding common shares of the Company (each, a "Common Share"). New Carolin is now a wholly-owned subsidiary of Talisker.

Under the terms of the Arrangement, former New Carolin shareholders (other than Talisker) received 0.3196 of a common share of Talisker for each Common Share held. In addition, options and warrants to acquire Common Shares became exercisable for common shares of Talisker, all in accordance with the terms of the Arrangement.

As the Arrangement has now completed, the Common Shares will be de-listed from the TSX Venture Exchange effective as of the close of business on September 16, 2021. In addition, New Carolin will begin the process of applying to cease to be a reporting issuer or the equivalent in the relevant Canadian jurisdictions.

Full details of the Arrangement and certain other related matters are set out in the management information circular of New Carolin dated August 10, 2021 (the "Information Circular"). A copy of the Information Circular can be found under New Carolin's profile on SEDAR at www.sedar.com. Former New Carolin shareholders who require assistance with the completion of the letter of transmittal are advised to contact Computershare Investor Services Inc., the depositary for the Arrangement, by telephone (toll-free) at 1-800-564-6253.

About New Carolin

New Carolin Gold is a Canadian-based junior company focused on the exploration, evaluation and development of its 100% owned property consisting of 144 square kilometers of contiguous mineral claims and crown grants, collectively known as the "Ladner Gold Project" (the "Project"). The Project is located near Hope, BC in the prospective and under-explored Coquihalla Gold Belt, which is host to several historic small gold producers including the Carolin Mine, Emancipation Mine and Pipestem Mine, and numerous gold prospects.

For additional information, please visit the Company's website at www.newcarolingold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Kenneth R. Holmes"
President and CEO

Toll Free: 1-(855) 891-9185
E-mail: ceo@newcarolingold.com
Web site: www.newcarolingold.com

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or the accuracy of this press release.

Caution concerning forward-looking information

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Talisker and New Carolin. All statements, other than statements of historical fact included herein, including, without limitation, statements or information about New Carolin applying to cease to be a reporting issuer or the equivalent in the relevant Canadian jurisdictions, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, neither Talisker nor New Carolin assumes any obligation to update or revise them to reflect new events or circumstances.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/96775.